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Jackie
01-07-2004, 11:42 AM
HI!
I am 25years old and have been working for the past two years since graduating from University. My credit history is not very good.
I have been thinking of starting my own magazine and have a sound business and marketing plan. Unfortunately I don't have any means of funding. I am aware that the business will take time to pick up. I am also aware of how much work is into this.
Do you know of how I can get funding for starting the magazine without good credit history?

Thanks
Jackie

shell_livewire
02-07-2004, 02:10 PM
Hi Jackie

Having a bad credit history can affect your ability to get finance through a bank, but there are many other ways to fund a business.

Local enterprise agencies often provide grants and loans based on your business plan and references, rather than looking at your personal spending history. Try looking up Enterprise Agency in your local yellow pages and see what you come up with.

The Prince's Trust specialise in helping people who find it difficult to get funding elsewhere. Visit www.princes-trust.org.uk

Other options may be available depending on what type of magazine you would like to start. For example, if your magazine was designed for professionals in the arts and crafts industry youmay be eligible for funding through the arts or crafts council.

there are also different ways of funding a business. Have you determined what kind of funding you need? Are you looking for a loan, or would you prefer to apply for smaller grants for specific aspects of your start up? The Business Link website has a good section on finance and funding that may help you clarify what you are after.
http://www.businesslink.gov.uk

Good luck
Narelle

Big Sheep
12-07-2004, 11:27 PM
Dear Jackie,

I recommend looking at www.j4b.co.uk as this website lists lots of differnet funding organisations for every budget.

however do read the small print, as grants and loans willl be specific to only a certain town or industry.

Good Luck