Also, it is easier to get loans from UK banks if your business is an already existing one
. For loans to start up a new business, collaterals are demanded for. However, this is not to deny the fact that some people have obtained business loans to establish news businesses from UK banks without collaterals. Still yet, it is true that for a viable existing business, to get a loan to boost or expand it can be really easy. The UK banks are seeing the viability and integrity of the business - the business structure to them is almost serving as collateral.