Money from the Outset to start up new businesses
YTKO, through its Outset Finance arm, is now a nationwide Start Up Loans Company partner, and can offer these affordable Government-backed loans to over 30’s throughout the UK. YTKO is also offering unique pre-start support, free of charge, to all those applying via Outset Finance.
Over £68 million of loans have been made by the Government-backed Start Up Loans Company to over 13,000 enterprises. Now, the age limit that restricted borrowers to those under 30 is gone, and YTKO, through its Outset Finance arm, has been appointed as a full nationwide delivery partner.
Outset Finance is the sister company to the award wining Outset start-up support service, and has helped hundreds of small firms to raise money for starting up, for expansion, and for adding jobs. The Start Up Loan Company deals typically range from £2,000 to £10,000, filling a big gap for early stage enterprises to buy stock, equip premises or simply to fund those crucial first months.
Bev Hurley, CBE, Chief Executive of YTKO Group was delighted with the appointment: “Being chosen as a delivery partner underlines our expertise and experience in early stage funding. We support clients either through our many local award-winning Outset offices, or using our online learning programme, both before they apply for a loan, and after they get the money.”
The help available from Outset Finance takes the mystery out of money for entrepreneurs, and gets them ready to start trading profitably. Business owners that have already started within the past year are still eligible for a Start Up Loan, and for the Outset Finance support.
Bev underlines the simplicity of the loan: “Because it’s a personal loan, we don’t have to ask for security or guarantees, but we will fully check the ability to repay, and the robustness of the business. It’s certainly not a handout.”
Already Outset Finance is being introduced by high street banks to clients they are not able to lend to. A comprehensive website, outsetfinance.com, is where entrepreneurs will discover information on eligibility, terms and an online application form.