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Created with Fabric.js 1.4.5 Latin AmericaCampaign Bootcamp Sources: Small business loans of up to £50,000 can usually be obtained with an interest rate of 8-10% paydayfinancial.co.uk/payday-loan/what_are_the_average_loan_interest_rates_for_the_different_types_of_loans If you can secure 25% of your required capital you can apply for the rest via the government's Enterprise Finance Scheme (EFS). teneric.co.uk/businessinfo/002 26% of UK small businesses are "irresponsibly" funding themselves with credit cards andpayday loans. guardian.co.uk/business/2012/may/07/wonga-launches-business-loans-service 18-24 year old entrepreneurs can apply for small loans of around £2,500 via the governments Start-Up Britain scheme. While lending from banks is still difficult, lending from building societies and private finance companies has increased throughout 2012. moneyfacts.co.uk/news/mortgages/building-society-lending-on-the-up Crowdfunding is becoming popular with small businesses. This is where an entrepreneur seeks small donations from the public with promises of discounts and gifts as a return on their investment. A bicycle repair start-up in Sommerset raised £40,000 in six days doing this. bbc.co.uk/news/business-19286163 The Bank of England is planning to lend money to high street banks to increase lending to businesses; but for the moment a number of loans are still being rejected. guardian.co.uk/business/2012/jun/15/bank-of-england-loans-to-high-street
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