RedSky

Start Up Loans

The Startup Loan Programme is a nationwide scheme that makes cheap finance available to businesses in the early stages of their life. There’s a common misconception that these are exclusively microloans to pre start businesses.

Whilst that’s part of the picture, the scheme allows for loans of up to £25,000 per director and money is available to companies up to 24 months old. This is a great source of funding for companies that have established themselves, and are looking to grow to the next level.

In 2015, we worked with Leisure Park Internet Services Limited to secure some growth finance. They install and operate wireless broadband facilities in holiday parks, billing the resident or holiday maker to use the facility. It’s a fabulous business, but clearly there’s a large outlay for the equipment before the income starts to flow.

Having funded their own rapid growth during their first eighteen months of trading, they wanted to increase the pace of their expansion, and sought a cash injection to accelerate progress. We helped them secure a significant amount of cash that would allow them to roll out their coverage to many more leisure parks before the busy summer season.

Startup Loans are unsecured with no set up fee, and have a flat rate 6% interest rate.

Reviews

Google Rating
5.0
Gareth at Red Sky understood my business and my funding requirements quickly, he was a pleasure to work with and secured the funding I required. I highly recommend Gareth and Red Sky. If the need arose I would turn to Gareth and Red Sky without hesitation
India Mahon
India Mahon
12:11 17 Mar 18
very efficient service easy to talk to and kept informed all the way along great service
Dick Lambert
Dick Lambert
10:45 15 May 18
Without Redsky our business wouldn’t of even got off the ground. Gareth was fantastic in putting our business plan together and doing all the paperwork. We can’t thank you all enough hopefully you can change our life’s. Thank you
Jamie Orr
Jamie Orr
14:12 31 Jan 18
Fast, efficient and helpful. Would highly recommend!
Lynne Hockney
Lynne Hockney
11:28 12 Apr 18
Fantastic service, quick & efficient 1st class service & always on the end of the phone. Definitely recommend!!
Sue Robinson
Sue Robinson
10:50 02 Feb 18