Many of you have no chance whatsoever of getting a Recovery Loan and may have missed out on getting a Bounce Back Loan, and there are many reasons for that being the case.
However, there are some alternative loan schemes that you may be eligible for, and with that in mind I have listed below the current crop of them that are being publicised by the Department for Business, Energy and Industrial Strategy.
It is of course your decision as to whether any of these loans are suitable for your business. Click on any of the links below and you will be taken via a new window to the respective page of the Government website.
Loans for new and existing small businesses to create and safeguard jobs in the West Midlands
Loans to help small and medium-sized businesses develop and grow.
Free, quick and easy access to a directory of approved finance suppliers for UK businesses.
Big Issue Invest helps social enterprises and charities by providing loans and investments.
Alternative financing for UK small business owners.
Financial support for small and medium-sized businesses (SMEs) in Yorkshire and the North East.
Business loans for companies that can’t get funding from banks and other mainstream providers.
Loans for companies in Coventry and Warwickshire that can’t get finance from mainstream lenders
Finder to help businesses based in Scotland find funding from private and public organisations.
Combined grants and loans towards capital purchases for your business.
Business finance, advice and support for businesses of all stages
Loans to support business expansion in Enterprise M3 areas of Surrey and Hampshire.
The Prince’s Trust helps young people aged 18 to 30 who want to set up their own business in England, Scotland, Wales or Northern Ireland.
Loans and advice for new start, early stage and established businesses across South Yorkshire and North Midlands
Government-funded loans for start-ups and businesses looking to grow across the East and South East Midlands.
Peer-to-peer loans for established SMEs in England, Scotland, Wales and Northern Ireland.
Start-up loans and equity investment for small and medium-sized businesses (SMEs) based in Greater Manchester and the North West.
Workshops and one-to-one coaching to help businesses grow in Christchurch, Bournemouth and Poole.
Loan fund for businesses who are looking to grow in the Greater London area.
Supports innovative UK businesses to realise the potential of new technologies, develop ideas and make them a commercial success.
Loans and grants to support private sector businesses across the East Midlands to innovate, grow and create jobs.
Finance to help small and medium-sized enterprises (SMEs) in the North West, Yorkshire, the Humber and Tees Valley
Grants and loans for social enterprises in the North and the Midlands.
Investment for small to medium enterprises (SMEs) in the east of England to help lower their carbon output.
Part of the Midlands Engine Investment Fund, flexible loans to SMEs looking to grow and help drive their expansion plans across the Midlands Engine area.
Loans to help toolmakers and component manufacturers fund the design, development, and manufacture of tooling.
Loans for capital projects that encourage economic growth and create jobs in north-east England.
A searchable database that can help you find publicly-funded sources of business assistance that you may be eligible to apply for.
Support and loan finance to help start and grow new businesses in Christchurch, Bournemouth and Dorset.
Mentoring, start-up business courses and support schemes for businesses based in the North East of England
Loans to finance growth for small and medium-sized enterprises (SMEs) across the east of England
Loans, support and advice for Lancashire businesses.
Loans for new and growing SMEs in the South West of England
Provides the cash security required for performance and warranty bonds for any company in the North East.
Loans for established small and medium-sized businesses needing finance for activities and projects that will make them grow.
Workspace with on-site business support in Weston-super-Mare.
Interest free loan scheme for businesses looking to occupy vacant, ground-floor premises in Altrincham, Sale, Urmston or Stretford town centres.