Small Flexible Business Loans
Small flexible business loans offered by Barclays are notkind of one size fits all package, but they are personalized loan varying on the requirements of small businesses and startups. This loan amount can be anything between £1,000 and £25,000. When it comes to loan term, it again can vary from1 to 10 years and the interest rates for it can also differ to large extent.
Benefits of Small Flexible Business Loans:
One of the major benefit that you can have with Small flexible business loan is the 6 month repayment “Holiday”. This scheme essentially gives you up to 6 months period before you are required to start paying back the loan to bank. Moreover, in case you are able to pay back the loan before time, you will not incur an early repayment charge.Expert Comment:
Small flexible business loan can be particularly useful to new businesses who need help getting off the ground.
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