Government Business Loans – Fast Access to the Funding You Need
Finding reliable funding can be hard work. If you’ve ever tried applying for business finance yourself, you’ll know the hurdles: slow responses, rejected applications, and endless forms. That’s where we step in.
At First Oak Capital, we help UK businesses access government business loans quickly and with less stress. Whether you’re a startup needing a boost or an established company looking to expand, we’ll prepare your application and approach the right lenders for you.
What Are Government Business Loans?
Government business loans are funding options supported by the UK government to help businesses grow, manage cash flow, or navigate tough trading periods. While the funds are typically issued through banks or accredited alternative lenders, the government steps in to guarantee a portion of the loan. This guarantee reduces the lender’s risk, which can make it easier for your business to get approved—even if you have a limited trading history or fewer assets to offer as security.
Today, one of the most important initiatives is the Government Guarantee Scheme (GGS), which replaced older programmes like the Recovery Loan Scheme (RLS). Under the GGS, eligible businesses can still access vital funding with a government-backed safety net in place. You can learn more about how the GGS works directly here on the GOV.UK site.
Government-backed loans come in various forms, from startup loans for new ventures to specific growth and recovery schemes designed to help established businesses invest, hire, and expand with confidence.
Why Choose a Government-Backed Business Loan?
- You’re more likely to get approved
- Lower interest rates than private loans
- Longer repayment terms
- Fixed monthly repayments
- Often no early repayment fees
But remember—just because a loan is government-backed doesn’t mean approval is guaranteed. Lenders still assess your business finances, credit history, and affordability. That’s why it pays to have someone on your side.
How First Oak Capital Helps with Government Business Loans
We know how hard it can be to get finance when your business is under pressure. That’s why we:
- Speak to you about your business plans and financial position
- Identify the most suitable government-backed loan options
- Prepare and submit applications on your behalf
- Present your case clearly to give you the best chance of approval
You don’t need to understand every government scheme. We do the research, we deal with the paperwork, and we chase the lenders. You just focus on running your business.
Common Uses for Government Business Loans
Government business loans can be used for a wide range of needs, including:
1. Managing Cash Flow
When income slows or bills pile up, government-backed finance can provide breathing space.
2. Purchasing Equipment or Vehicles
Asset finance combined with a government loan makes acquiring expensive machinery or transport more affordable.
3. Covering VAT and Corporation Tax
Don’t let HMRC knock you off track. We help arrange finance to spread your tax liabilities over time.
4. Business Growth and Expansion
From new locations to bigger teams, a government business loan can provide the capital you need to grow.
5. Startups with Limited Trading History
New businesses often struggle to get finance. But some government schemes are designed exactly for this purpose.
Types of Government Business Loans Available in the UK
Startup Loans
Ideal for new businesses with little or no trading history. Fixed rates and personal support included.
Recovery Loan Scheme (RLS)
Supports businesses recovering from the pandemic and beyond. Available for growth, refinancing, or day-to-day costs.
Local Council and Regional Schemes
Some councils offer loans through Local Enterprise Partnerships (LEPs) or regional investment funds.
We’ll review every option to find what works for you.
Real Benefits, Real Results
Many of our clients are surprised by how many options are out there once they speak to us. Some have been turned down elsewhere. Others simply didn’t know where to begin. Here’s what working with First Oak Capital means:
- We give you honest feedback from day one
- We improve the way your application is presented
- We increase your chance of getting approved at a competitive rate
- We save you time and reduce stress
No two businesses are the same, and we treat each application accordingly. Our approach is always straightforward, honest, and focused on results.
Don’t Go It Alone – Let’s Find the Right Government Business Loan for You
Finding finance when you’re busy running a business isn’t easy. And when you’re stressed about cash flow, it’s even harder. But you don’t have to do it on your own.
At First Oak Capital, we specialise in helping UK business owners secure government business loans that make a real difference. We prepare your application, talk to the lenders, and make sure you’re in the best possible position to get the funding you need.
What You Can Expect Working With Us
✅ A quick call to understand your business and goals
✅ Clear, honest feedback on what’s possible
✅ An expert who handles the heavy lifting
✅ A well-matched lender and a smooth process
✅ Support from start to finish (and beyond)
You’ll never be just a number. We treat every client like we’re part of your team.
Ready to borrow smarter?
Click here to apply now or speak to one of our friendly brokers today.
FAQs – Government Business Loans
Q: Can I get a government business loan if my credit isn’t perfect?
A: Possibly. While credit is a factor, the government guarantee on some schemes can help lenders feel more confident, even if your credit isn’t ideal.
Q: Are government business loans interest-free?
A: Not usually. Most government-backed loans are issued by lenders who charge interest. However, rates are often lower than private-only options.
Q: How long does it take to get a government loan?
A: With our help, it can be surprisingly quick. Once we have the required documents, we can often get a decision within days.
Q: Can a startup apply for a government business loan?
A: Yes. In fact, some schemes are specifically designed for new businesses.
Q: Do I need to offer security or personal guarantees?
A: It depends on the lender and the scheme. Some loans may not need security, but others will. We’ll walk you through the options.
Q: Will I deal with the government directly?
A: No. These loans are usually issued through lenders or finance platforms. We work with them on your behalf.