If you are looking for a personal loan to help you start a business, then a Sheffield Credit Union business loan, in partnership with Purple Shoots, could be the answer!
Business loans are available from £500 to £5,000, for a term of 12-36 months. You are More Than A Score to us, and we will work with you to offer a loan which fits your needs and business plan.
Representative example: A loan of £3,000 with a monthly repayment of £120, over a term of 36 months at a rate of interest per annum (fixed) of 25.16%. This is equivalent to 28.3% APR Representative. Total amount repayable is £4,295.29.
Key Features
- Apply straight away – no need to save first
- Affordable repayments over a term of up to 3 years
- Save alongside your loan repayments
- No loan arrangement fees or set-up costs
- No early repayment fees if you want to settle the loan early
Eligibility Criteria
You can apply for this loan if:
- You have a regular income of at least £500 per month, or equivalent
- You are not currently in an IVA
- You have not had a Debt Relief Order or Bankruptcy order in the last 2 years
- You are within the common bond of Sheffield Credit Union
Before you apply...
To assess your application, we will need:
- Evidence of your current income, such as bank statements or a self-assessment tax return
- Details of your business plan, including any other funding you are applying for
If you'd like to find out more, or make an application, please fill in your details, and a colleague from Purple Shoots will contact you: