Business start up loans research published

Thu, 29 Mar 2007

Providers of business start up loans may be interested to learn the most popular reasons for entrepreneurs setting up their own company.

According to research from financial services provider MasterCard Global Commercial Products, 95 per cent of people explained that a desire to be able to provide a comfortable income for themselves and members of their family was a major motivating factor.

Meanwhile, a further 95 per cent revealed that they wanted to develop as a person and 90 per cent said that they wanted to be able to take control of their future path in life.

The business loans research comes in the week that BBC One unveils the third series of The Apprentice, a business-orientated reality TV show starring Amstrad founder Sir Alan Sugar.

"The search for The Apprentice is set once again to capture the nation and provide us with another timely reminder of the British public's traditional admiration for successful entrepreneurs," remarked Tuuli Perkio, vice president of small business markets at MasterCard Europe.

Budding entrepreneurs often rely on business start up loans from financial services providers in order to undertake tasks such as buying stock and developing a client database.

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