We’ve hit the £5million milestone of Start Up Loans distributed!
PRESS RELEASE: by Lauren Barham, Senior Marketing Executive at YTKO on 9 September 2016
National Start Up Loans delivery partner Outset Finance is celebrating the achievement of another major milestone; securing a total of £5million for UK entrepreneurs looking to start or grow their businesses.
Outset Finance, partner service of the award-winning start-up support provider, Outset, and part of YTKO Group, has been delivering Start Up Loans since January 2014. In a little under 3 years, they are ecstatic to have reached this fantastic milestone, with £2million of the finance being raised for UK businesses this year, and half a million raised in July 2016 alone.
Mother and daughter entrepreneurs Samantha and Amanda Bottoms were the lucky recipients of the Start Up Loan that helped Outset Finance to reach this impressive milestone. The business duo were also the 360th client that Outset Finance has supported. They worked with finance advisor Dave Leaman, who helped them put together the range of documents required in the loan application process. Thanks to this invaluable support from Outset Finance, they received a Start Up Loan of £45,000 between them, to help build their visionary café and deli business. This investment has enabled them to purchase and renovate their property in Devon, so that their dreams of becoming business owners could become a reality.
“The Outset Finance team were fantastic from the start,” says Samantha. “They helped us put together a realistic business plan which enabled us to ensure we were getting the correct amount of finance our business would require. They have supported us right the way through the process and have always been available to answer any questions. We never thought it would be possible to have our own business and without the Outset team, this wouldn’t have happened. We are now in the process of renovating our cafe and deli and are looking forward to the future.”
The government backed Start Up Loans scheme offers low interest rate personal loans designed to support individuals that have been rejected or are likely to be rejected by mainstream channels, like banks. Outset Finance was selected as an official partner of the scheme because of the strong focus it places on offering tailored support to help people secure finance to start-up and grow their business. With a proven track record of success, in the last five years, Outset has worked with over 22,000 people across the UK, helping over 4,800 people realise their dreams of running their own business.
Start Up Loans Manager, Paul Green claims, “Access to finance is well documented as one of the top two biggest barriers to enterprise facing SMEs across Europe. This scheme provides a great solution to this challenge, ensuring businesses who are most in need of finance to start-up or scale-up their businesses have the support and access they need. We’re thrilled to have reached this fantastic milestone and look forward to reaching the next.”
For more information and to apply for a Start Up Loan for your business, simply call 0800 389 8188 or register with Outset Finance today.