What is a Start Up Loan?

Bring your plans to life with a Start Up Loan of between £500 and £25,000 with a fixed interest rate of 6% per annum.

Personal loan for business purposes

A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.

In addition to finance, successful applicants receive 12 months of free mentoring and exclusive business offers to help them succeed.

The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application.

All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.

  • Borrow £500 – £25,000
    (The average loan amount is £9,295)
  • Fixed interest rate of 6% p.a.
  • 1 – 5 year loan repayment term
  • Free application support
  • Free post-loan support and mentoring
  • Free templates & guides
  • No application or set-up fees

We will provide free templates and can personally help you create your Business Plan, Cash Flow Forecast and Personal Survival Budget to submit with your application.

If approved, you will be paired with a mentor for 12-months of free mentoring.

Apply for Funding apply for a startup loan

Frequently asked questions

Mentoring was a brilliant element to the loan itself. Having a mentor through the start up process really helped. Shortcuts Children's Salon

Need more information?

Not sure you’re ready to apply for a Start Up Loan? Check out our handy links below explaining the types of loans available.

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Second Loans

If you've already secured a Start Up Loan for your business and have been trading for no more than five years, you may be eligible to apply for a Second Loan for that same business.

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