Saying no to a £9000 Start-Up Loan

“Congratulations! Here is £9000!”

Four sentences and a few numbers on a page is all it took for a start-up incubator to award my business £9000 of taxpayers’ money as an unsecured loan.

Dishonest money dwindles away, but whoever gathers money little by little makes it grow – Proverbs 13:11

People often say it is hard to raise money for a start-up business. That’s because it is. The difficulty of the process appropriately proves out the passion, desire and relentlessness required to start and sustain a company. But you probably already know that. And it is for that reason that my business partner and I turned down the £9000 loan, knowing we probably wouldn’t get as much from another Start-Up Loans provider. But let me start from the beginning.

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