If you've been trading - that is, generating income/making sales - for less than two years, you can apply for a Start Up Loan. It's a government-backed scheme, providing low-interest repayable loans and free business support for entrepreneurs across the UK.
They're personal loans for business purposes, of £500 - £25,000. You can repay in 1-5 years, but early repayment doesn't carry any penalties, and the interest rate for everyone is just 6% per annum.
No application fee / upfront charge
Loan can be 'tranched' so you only use and pay interest on a portion of the loan at a time
Capital repayment holidays are a feature of the loan - discuss this with your business adviser during your application
You could reclaim some of the taxes you've already paid under the R&D Tax Claim scheme. A surprising number of businesses are eligible, because the term 'research and development' is very wide ranging - it's not all about inventing things, it's about assessing, appraising and improving anything in your business, from the products and services you offer to the admin you do and the way you operate.
To be eligible to submit a claim, you must:
Be a limited company
Have filed at least one, and usually two, sets of annual accounts.
Leave us your contact details below, and one of our team will contact you to discuss the potential size of your claim.
R&D Tax Claim enquiry form
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