Get the banks on your side by using your government funding
Government Funding for Small Businesses

There are frequent stories of how a government loan has been granted and the business is then able to go to the banks and get a substantial loan from them as well. If you want substantial money from banks then an important first step can be getting funding from the government. The banks might not want to lean you money at the moment, but after a government loan they can be a lot more willing. There are many examples of people who were able to go to the banks following government funding and managed to secure huge loans.


You will even hear stories of young business people who had just left college with many loans still needing to be paid off; the banks are just not willing to lend them any more money for a business. Following a government loan though, the banks can suddenly be a lot more willing to consider the application. In fact instead of showing you the door the banks can suddenly begin seeking you out.


Even a small grant or loan from the government can be enough to change your fortunes with the banks. The money from the government may not seem worth the effort, but it could be worth a whole lot more than you think. If one agency shows confidence in you then it can lead on to greater things in the future.