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therefore, good business between two and seven
practice to make an years. 70% of the loan
appointment to see your (or 85% in some cases)
accountant maybe nine is guaranteed by the
months through your Govern-ment in return
business year. Let for payment of a simple
him/her look at your premium.
Loan Guarantee Scheme
books and advise on the Barclays Commercial
Some small and new busi-
potential tax liability Mortgage
nesses have a problem in
being built up. He/she If you need to buy
may be able to suggest satisfying normal require- premises for your
ways in which you can ments for receiving business, you may be
legitimately keep your tax finance, most commonly interested in Commer-
bills down, by taking steps because of lack of appro- cial Mortgage.
priate security, or because
then, which may not be The sum advanced
available security has
possible after the end of can be up to 80% of the
your financial year. already been exhausted in valuation or cost of the
support of existing finance. property, whichever is
Your next step In certain cases, the the lower.
We hope we have Government will guarantee You can borrow from
managed to give you an most of a loan, which
as little as £15,001, with
overview of what is makes it possible for us to
no upper limit, and pay
required in the way of lend in circum
it back over a period of
financial planning if your stances where ordinarily up to 25 years.
business is to succeed, and we would not do so. A You can choose
also some practical advice loan of up to £100,000 is between:
for day-to-day financial available (up to £250,000
management. for businesses that have
- a monthly repayment
traded for two years or
mortgage. With this
more) for any period
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