Small business loan – how a credit union can kickstart your project

Reading Time: 3 minutes

Have you got a project of passion? Are you wanting to build something for yourself? Well here at South Manchester Credit Union we can support you with a small buisness loan.

We all have different goals in life, there is no one-size-fits-all policy. To venture out and set up your own business is one of the most challenge things you can do. However, you do not have to do it alone. This is because here at South Manchester Credit Union we work to support our members through the financial hurdles they face in their lives. 

Boost your project with a small business loan

As a new or existing member, you can apply from £1000 – £15,000. From £1000 – £3000 loans are charged at 26.8% APR while loans from £3000 – £15,000 are charged at 14% APR. Therefore, it all depends on what your needs are as we are a flexible and responsible lender. The repayments are made affordable for you. We also see you as more than a credit score – during the assessment process descisions will be made depending on your personal circumstances. 

We will ask you to provide your business plan during the application process. It is important that you have planned and prepared for your project. 

Applying is simple; you can use our online form or download our secure mobile messaging app. Our messaging app allows you to easily communicate with our team, manage your account and ask any questions you may have. 

To find out more about our loans you can see our loans hub here and find the one that is best for you. 

Hear it from our members

Why not hear it directly from our members instead of us, after all, they know best. Recently Ngozi took a loan to launch her own fashion business. She has always had a passion for fashion and with our help, she was able to start earning from her talent.

Joe is a member who also turned his skills into his own small business. Joe is a taleneted landscaper and a family man. Looking to make some more money and take control, he launched his own landscaping business. With our, he started Lenella Building Solutions, named after his two kids. Joe feels excitement about the future and is proud of what he has built for himself and his family. 

If you want to read more about Joe and Ngozi – and many others, you can see all our member stories here. 

Who we are

We are a community-based credit union that provides saving accounts and loans to the people of South + Central Manchester. For the last 24 years, we have continuously looked to support people’s finances and make a positive difference in their lives.

Our credit union aims to promote responsible lending an borrowing. We look at loan applications with care and support our borrowers if they get into financial difficulties. Our mission is to support our community and we see it as a privelege to do so.

After reading we hope you have been inspired to take action. You can join and apply today for a small business loan.

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