Start Up Loans

Starting a new business is challenging, particularly when you need to raise funds. Start Up Loans are available for people looking to start a business or businesses under 3 years old that need financial investment.

What is a Start Up Loan?

  • Start Up Loans, administered by the British Business Bank is a government backed scheme, providing low interest, repayable loans and free business support
  • It is a personal loan for business use
  • Is available for businesses from launch to 36 months trading
  • Only available to individuals over the age of 18
  • Average loan amount borrowed is £7,200

See how much a loan for your business would cost you

Borrow
£
For
12
Months
24
Months
36
Months
48
Months
60
Months
Over 48 Months
Total Amount Repayable: £14372.84
Monthly Repayment: £299.43
Representative APR: 6%

A Start Up Loan is a personal loan for business purposes for a term of 1 to 5 years, at a fixed rate of 6% per annum. Applications must be aged 18 or over at the time of the application. A credit check will be completed.

Start Up Loans can offer you:

  • Unsecured loans of between £500 – £25,000
  • Fixed interest rate, currently 6%
  • Repayment period from 1 to 5 years
  • FREE mentoring for the first year of the loan
  • Access to exclusive business offers

Looking for something in particular?

I’m looking for
Business space
I’m looking for
Business advice