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Dear ‘The G’, Some friends told me there’s such a thing as a business loan. Is this true or are they having a laugh?
– Lee Pattercake, Staines
They speak the truth Lee, a business loan is a thing. If you’re an established business, a start-up, or a small and medium-sized enterprise (SME), you can totally apply for one. The amount you can borrow, interest rate and length of loan varies from lender to lender. If you’re a smart man Lee, you’ll compare the different loans before firing off applications willy nilly. And if your credit history is a bit chequered, a guarantor business loan might also be an option.