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Businesses urged to get away from the heat of the Dragons’ Den and cool it with a Polar Loan
It started with Big Brother, then Temptation Island and now reality shows have extended as far as businesses (think "Dragons’ Den" and "The Apprentice"). However, in the ‘real’ world, people starting up – or running - their own businesses often find it hard to get a loan.
Recent research from PolarLoans has identified that more and more people want to take out a business loan so that they can work for themselves. However, until now, many were unable to get the finance to turn their dreams into reality.
This could be because they didn’t have adequate Accounts, experience or because their bank was prepared to only lend them a small amount of start-up capital.
However, the PolarLoans service can help start-up and existing businesses needing a loan, with borrowing up to £75,000* and, in certain cases, without the need for 2 years’ Accounts**. John Sexton, Product Manager from
PolarLoans says: "Finance for ‘work from home’ type
businesses or small ‘one man band’ outfits usually find it
difficult to source finance or are too busy running their businesses to
provide business plans, projections and the other requirements for a bank
to lend them money.
"We have a range of products aimed at this market which, using the
equity within their own properties, can free up monies which can be used
for setting up or injecting cash into a business".
* providing they are a homeowner
** subject to the borrower meeting the necessary criteria
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When you borrow money, look no further than Polar Loans. You can borrow anything from £3,000 to £75,000. No Tenants Please.
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