Everything You Need To Know:
Is Bristol a good place for business? Is Bristol a good place for business?
Bristol is one of the most productive cities within the UK and is a central business hub in the South West. Bristol is home to 22,500 business units, which generated £15 billion to the UK economy. In recent years many businesses have relocated to the city centre, which specialise in broadcasting, financial services, and legal and accounting services.
Is Bristol a good place for startup businesses?
According to the ‘Inclusive and Sustainable Economic Growth Strategy’, Bristol has a high rate of business startups and business survival rate, which reflects a positive business environment. Bristol City Council are looking to capitalise on this positive by nurturing and continuing to encourage a healthy startup business environment.
What business loan should I apply for? Can I get a business loan in Bristol?
Yes, at SME Loans we provide business finance to companies in Bristol and the whole of the UK. We are a credit broker, which allows us to work with a diverse set of lenders that are authorised and regulated by the Financial Conduct Authority.
What business loans are available in Bristol?
The lenders we work with specialise in helping a number of business types. The finance options that are most popular are:
Start up loans are finance options for entrepreneurs who have a business idea and business planning, but have struggled to secure finance to develop their business. It can be common for startup businesses to find it hard to access finance, primarily as traditional lenders are reluctant to offer loans to new businesses as they are perceived as a risky investment.
Business loans are a form of commercial finance that can be used to help SMEs perform at their best. Usually, business loans are unsecured, meaning that businesses are not at risk of losing their property or valuable assets should they fail to make a loan repayment.
Small business loans
A business owner may apply for a small business loan to help cover the costs that come with running a small business. These loans can help with cash flow, purchasing or leasing company equipment, hiring staff, and much more.
The business loan application process. How can I get a business loan in Bristol?
If you are looking for business finance in Bristol, you can apply online at SME Loans. To apply you will need to fill out an online application. The application will ask for basic details about your business and the business owner, in addition to how much you want to borrow.
The following criteria must be met to qualify for business funding.
- The Business owner must be over-18.
- The business must be registered in the UK.
- Your business must have been actively trading for at least 6-months.
- A minimum monthly turnover of £5,000.
How to apply for a business loan in Bristol.
Complete and submit the online application. It is crucial that the information you input is 100% accurate. For example, if you enter the wrong contact details, our brokers will not be able to get in touch with you. Therefore, make sure that there are no mistakes in your application to avoid your loan being affected.
Following the application being submitted, one of our brokers will contact you to discuss the loan options available. Feel free to ask our brokers any questions you may have about the loan and the loan process.
If you are happy with the loan option that is offered to you, the next step is to sign and agree to the terms and conditions of the loan. When the loan agreement is returned to the lender, the money will be transferred into your account within 24 hours.
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