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New businesses 'can use loan scheme'
16/02/2007
New companies may find that they are eligible for the government's small firms' loans guarantee scheme, a business manager has suggested.
Steve Richards, head of business marketing at the Royal Bank of Scotland (RBS), said that there are a number of ways new firms can gather the finance that is necessary to get up and running.
His comments come during a time when information on business start-ups and working in business can be widely viewed through such television programmes as Dragon's Den and The Apprentice.
RBS offers a number of business and corporate banking products, but Mr Richards stated that some form of individual financial contribution is generally necessary.
"We would normally expect somebody to be making some sort of contribution," Mr Richards said.
"That's about their commitment to their own enterprise. We would expect that they would be investing something themselves in that venture."
He added that the small firms' loans guarantee scheme can be used by businesses that do not have any security behind them.
Steve Richards, head of business marketing at the Royal Bank of Scotland (RBS), said that there are a number of ways new firms can gather the finance that is necessary to get up and running.
His comments come during a time when information on business start-ups and working in business can be widely viewed through such television programmes as Dragon's Den and The Apprentice.
RBS offers a number of business and corporate banking products, but Mr Richards stated that some form of individual financial contribution is generally necessary.
"We would normally expect somebody to be making some sort of contribution," Mr Richards said.
"That's about their commitment to their own enterprise. We would expect that they would be investing something themselves in that venture."
He added that the small firms' loans guarantee scheme can be used by businesses that do not have any security behind them.