Start Up Business Loans

When starting a UK business, a start up business loan is obviously a major consideration. No business can trade without finance and most UK businesses will need assets such as vehicles to commence trading. At DBS Finance we specialise in giving assistance to start up UK businesses. Without trading accounts it can be difficult for a UK business to source finance for vehicles and other assets. Also, it may be more appropriate for a UK company to acquire premises than rent them and specialist advice will be needed to raise this financing.

Many viable money making ideas are put on hold because of a lack of finance. Taking a creative approach and using our connections with specialist UK finance companies we are often able to help with a loan. It is useful to look at projections of profit and loss accounts and these are the first port of call for most of the potential sources of finance. It has to be said that projections of accounts for new UK companies are often entering in to the realms of fantasy. It may be better in many cases to examine more closely where revenue streams are actually going to be generated as opposed to trying to look too far ahead.

Often a new company can be assisted by recourse to ordinary domestic types of lender. With this in mind DBS Finance is tied to a strong and well established provider of domestic type financing. This enables us to offer loans at competitive rates, tailor made to individual requirements. It may be that a simple start up business loan arranged in this way will be sufficient. The loan repayments will be a known factor and the term of the UK loan can be adjusted to suit anticipated cash flow.

It also avoids the pressure of an overdraft. If a UK bank gives an overdraft facility on day one, there is always the possibility that it could be called back in if the bank loses faith. Also the UK bank will normally charge a rate of interest above that achievable with a start up business loan. Further to this most UK banks will charge a fee each year to re-agree the overdraft limit.