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Start Up Loans
Start or grow your own business
- Borrow up to £25,000
- Fixed interest rate of 6% per annum (per year)
- Repay over a term of 1–5 years
- 12 months of free mentoring
- Government-backed
Start Up Loans
Start or grow your own business
- Borrow up to £25,000
- Fixed interest rate of 6% per annum (per year)
- Repay over a term of 1–5 years
- 12 months of free mentoring
- Government-backed
Start Up Loans is set to unlock the potential of those how have been made unemployed as a result of Covid-19.
Of the 80,000+ loan recipients through Start Up Loans since 2012, one in three (31%) were unemployed at the time of application.
Borrow up to £25,000
(The average loan amount is £7,200)
Fixed interest rate of 6% per annum (per year)
Repay the loan over a term of 1–5 years
No fees for arranging the loan or paying it back early
Support with writing business plans and cash flow forecasts
12 months of free mentoring once you receive a loan
A range of useful templates and how-to guides
Exclusive discounts on business products from O2, Experian, Intuit and 30+ more
To be eligible to apply for a Start Up Loan, you must meet the following criteria:
Your type of business and reason for wanting the loan is eligible under the terms of the scheme
Do you meet the criteria?
Apply today and get support with creating your business plan and cash flow forecast.
If you’re in a business partnership, buying an existing business or starting a franchise, you can apply for a Start Up Loan if you meet the criteria above. Scroll down this page to find out more about the process for these applicants.
The essential guide to starting a business
Inside, you’ll find tips and advice on:
- conducting market research on customers and competitors
- choosing a company structure
- figuring out your responsibilities around paying insurance and tax
- developing your business strategy and sales forecast
- writing your business plan
- analysing your strengths and weaknesses
Download this free guide
Enter your details to start your download.
Our success stories
Thousands of UK businesses have been backed with the help of a Start Up Loan. Read below to find out about some of our success stories and how the support we offer, combined with small business funding, helped them turn their dreams into reality.
Download Document(opens in a new tab) - With years of experience in the menswear fashion industry Amy decided that it was time to fulfil her ambition and ... Download Document(opens in a new tab) - Father of two David O’Neal opened his children's hair salon Shortcuts with the help of a Start Up Loan. David set out ... Download Document(opens in a new tab) - Lucy & Meriel both received a Start Up Loan of £7,000 for their frozen yoghurt ice lolly business Claudi & ... * Required fields.