BT Business has started a new scheme under which it will help small businesses or start-ups get easy funding instead of relying on bank loans.
Under the Kick Start Scheme, start-ups will be able to lease technology and telecommunications solutions worth up to £15,000. Businesses need to be operating for under 3 years to be eligible for funding.
BT Business is partnering with Shire Leasing for the new scheme, which is aimed at reducing the reliance of start-ups on bank loans, overdrafts or credit cards.
The company said that the scheme will let small businesses purchase necessary communication technologies like business telephone systems, business mobiles, handsets, connection charges and software licences. The scheme also helps fund the purchase of laptops and IT support for small businesses.
“The UK has an average of 270,000 start-up businesses every year. In light of the current economic climate we want to help these businesses access the products and services they need to get their new venture up and running. Our 'KickStart Scheme' offers finance over a fixed term, at a fixed rate, making it easier for customers to budget,” said general manager of BT Finance, BT Business, Declan McGlone.