Military veterans in the UK are classed as those that have received at least one day’s pay from the armed forces, serving in any of the following: The Royal Air Force, The Royal Navy or The Army.
A veteran is not defined on the length of their service or when their service came to an end
Business Loans for Veterans
The Ministry of Defence has released new statistics and predicted that that by 2028, there will be around 1.6 million UK-based, armed forces veterans. At the moment around 4% of ex serviceman and women will go and start their own business; this number could definitely quickly rise. Here at PDQ Funding we aim to help veterans go onto building their future businesses with the use of our loans and methods of funding. We have specially designed programs for ex serviceman and women to received business boosting funds.
Your military service doesn’t necessarily need to have come to an end, you may still be serving in the forces and are simply looking ahead to your future life. Either way, you can contact PDQ Funding today in order to receive further information and get a free quote on your potential business loan.
Settling back in Civvi Street
It’s sad that many of our brave service men and women struggle to settle back into society and maintain a regular workflow after their service comes to an end. This is why we hope that more veterans will begin to go into business after being in the military. Starting a new business can give you something to aspire towards and shift your focus onto, allowing your mind to be once again occupied with a positive motivational way of thinking.
For any further personal help needed, the NHS have now confirmed that every part of the country has dedicated mental health services set up for veterans and announced the first 25 hospitals to have become ‘Veteran Aware’. These will deliver specialist help and healthcare to those who have served in the past.
Business Plan Help for Veterans
We have devised a business plan for veterans this is an annotated version of the Business Plan template to issue to with Business Advisers about what type of information, examples and evidence to include in order to help us understand you and your business. While we encourage you to use this template, it is not mandatory and you are welcome to submit your own Business Plan template provided it details similar information.
Please note, the following documents should open on any device with a document viewer and editor but for the best user experience, we recommend editing this template on a desktop.
Why is a Business Plan important?
There are many great reasons why it is worth your time creating a Business Plan – even if you’re not quite ready to apply for a Veteran Start Up Loan. Here are just seven:
A Business Plan:
- Provides a structured way of organising your thoughts and clarifying your idea.
- Helps you set out your goals and spot any potential problems in achieving these goals.
- Gives you a clear strategy to follow when things get busy.
- Is often essential for securing external finance for your business (and is required if you’re applying for a Veteran Start Up Loan).
- Allows you to measure your progress as you go along.
- Ensures all of your team are working towards the same vision.
- Helps you plan for the future.
What’s on offer?
The great thing about the service we provide for veterans is the multiple routes we allow them to travel down when acquiring about our business loans. We understand that one loan will never suit all, so we’ve provided a solution that can help all types of business owners.
Some of our most popular funding options for veterans are currently:
- Veteran business loans
- Merchant cash advance
- PDQ cash advance
Depending on the type of business you run, or want to run in the near future, different products we offer will work better for you than others might.
Why apply for a veteran business loan?
For veterans that are looking to set up a business, one of the first things they’ll come to realise is the large amount of costs that come with a new venture. Starting a company from scratch is very costly in today’s current climate and you’ll need excessive funding to do so. The veteran business loan can give you the financial push a new business owner needs, without going through the stressful and often disappointing experience of applying for high street banking business loans.
Though, the funding you receive from a veteran business loan can in fact be used in any way you desire. Perhaps you already have your business up and running and are now looking to expand on it in other ways. That’s not an issue at all for us at PDQ Funding. You may want use the funds you receive for things such as hiring new staff, boosting your stock levels, finding a new location for your company, or even making improvements to an office space you currently work in. As long as you believe it will advance your business, we will support you in the process.
Veteran entrepreneurs are slowly but surely becoming more common across the UK, with many choosing to become small business owners themselves. So, if you’re a veteran and you’ve come up with a sustainable, new business idea, contact PDQ Funding today to see what your options are, finding out what suits your aspirations best.
What do I use a veteran business loan for?
The fantastic thing about our veteran business loans is that they are extremely flexible in terms of what they can be used for. As the business owner, the decision is completely yours to make. You may need to secure a boost in funding for a whole host of reasons, such as a new location for your business, an improved office space, new technological equipment, extra staff members, etc.
The decision is yours to make, just be sure to boost the areas that are going to benefit your business the most. Only you will truly know the needs of your company.
Female veteran business loans
Only around one in five businesses are female lead in the UK today, but there is more than enough room for huge potential success for women in business. Gender should undoubtedly not have any effect on the success of a business and PDQ Funding appreciate that fact. Our female business loans are designed to close the gender gap that is currently surrounding UK business, and attempt to make the British market fairer for all.
Disabled veteran business loans
Suffering from a mental or physical disability can most certainly add challenges to any hopeful entrepreneur’s business life. Severe injuries can make it very challenging for veterans to fall back into the daily life of modern society. Though, there are many loans for disabled veteran business owners out there, and now thankfully, many options for all people to choose from.
Merchant cash advance
The merchant cash advance offered by PDQ Funding has many positives for businesses to take advantage of. Every business owner runs into the need for working capital from time to time. But where do you go to get it, especially when your bank won’t even consider your funding request? There is a finance solution for businesses that take credit cards & debit card payments. In fact, you could get cash from the sales you haven’t even made yet. Turn tomorrow’s credit & debit card sales into today’s cash flow. There is no faster, safer or easier way to get unsecured business funding. The business cash advance is classed as a short term working capital loan. This is because they have a term time of a maximum 18 – 24 months.
Small business loans for veterans with bad credit
Here at PDQ Funding, we are also able to support veterans in their ventures with our business loans. Our loans are unsecured, meaning you’ll not be expected to secure the finance you receive against any collateral or valuable assets. This is a clear positive for you because it loses the risk factor of a secured loan.
The company you run can borrow anything between £1000 and £500,000, which will provide you with extra support and financial flexibility when you need it most.
With the PDQ Funding business loans, you can expect to have the funding supplied to your account very quickly, within as little as 24 hours. Once you have received the money, you will then be expected to start making repayments in monthly instalments, with interest rates included. These rates will be confirmed to you before the agreement for the funding is finalised. The application process is quick and simple, and can be completed entirely online in the space of just a few short minutes.
To be sure that your business is eligible for funding from us, you’ll need to be sure that it is all of the following:
- Registered in the United Kingdom
- Has been actively trading for a minimum of 6 months
- Takes a monthly turnover or monthly card sale transactions of at least £5,000
- Run by a business owner over the age of 18 years
- Run by a limited company and/ or a sole trader
When applying for an unsecured business loan, you’ll find it much easier than with a traditional high street bank loan, as it is a much speedier process and the risk factor is virtually none existent. If you believe your veteran-run business is in need of some extra funding and your venture matches the qualifying criteria listed above, apply for a business loan from PDQ Funding today and be matched with a member of our expert team that will help to guide you through the process.
How to apply for a veteran small business loan
The following is a step by step guide to applying for a veteran small business loan or merchant cash advance in the UK from PDQ Funding:
Visit our application page and provide the relevant information. This will ensure that we match you with an ideal lender. We will then ask you for further information about your business. You’ll need to be ready to tell us the following:
- The name of your business
- How long you’ve been in business
- Your average monthly card sales
- The amount you are looking to borrow to cover your VAT bill obligations
Will will then require a few personal details, so please be ready to tell us:
- Your title, along with you first name and surname
- Position you hold within the business that is seeking a loan
- Email and telephone number, so that we can stay in further contact with you
Read through our terms and conditions carefully, and if you’re happy to continue, click ‘get a quote’. From here your application will be processed and reviewed by a member of our business finance suppliers team, who will help you find the correct lender for your emergency business loan.
We will then be in touch with you to confirm the conditions of your business loan agreement.
Once the application is complete, it will be sent off and approved by a lender. You can then have a discussion with them regarding the terms of the PDQ Finance. These terms will include interest rates, as well as how much the borrower will repay each month. The loan is then provided to you on an agreed and transparent basis. Final words don’t get jack off by other none veteran owned businesses! #SFS
Do I have to be a Veteran in the UK to get a business loan?
We only provide funding to UK based veterans, ex British Army, Royal Navy & The Royal Airforce.
Can a Veteran get a business loan with bad credit
Yes we will try to help veterans with bad credit to get business loans, we understand that peoples credit history may not be the strongest.
Business grants for Veterans in the UK
There are business grants available for veterans in the UK, sadly we do not provide them. The Be the Boss campaign was announced by the Department for Business Innovation and Skills and has been developed in partnership with the Royal British Legion.