CM Club......Anyone know anything about small business loans?

[chocoholic]

It has finally dawned on me that I can only fit 1 extra child in my current car (as well as my own DS) which is going to limit me a bit for childminding.

Can childminders get small business loans for things like cars does anyone know?

We currently have no savings and my income is a big fat zero til I start childminding.

Who would the loan be from?

I doubt you could get a loan without there being existing track record, or/and some assets to secure the loan against.

Expect you would get a better rate, by approaching your bank/mortgage provider and asking for a secured loan.

See if you can find a local lending circle - this is a supported group of people who take out loans and support/encourage each other to pay it back

Out Local one is WEETU - but there maybe one near to you

There is a peer-lending website Zopa could be worth a look.

Thanks all, will have a look at those.
Never heard of Zopa but had a quick look and it looks fab.