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

Real-time service update:

We’re currently experiencing unusually high service volumes and regret that this is affecting the speed at which we’re able to progress customer applications. We’re taking action to address the increased demand for our services and working hard to progress in-flight applications as quickly as we can. In the meantime, we apologise for any inconvenience this may cause you.

To make sure we can process your application as quickly as possible, please check that you’ve fully completed all relevant sections of the application and provided as much supporting detail as possible. If you need support to complete your application, please visit our support and advice hub or Learn with Start Up Loans page (in partnership with the Open University) for more information.

Learn with Start up Loans digital icon in partnership with the Open University

Learn with Start Up Loans

Start Up Loans has partnered with The Open University to offer a range of free courses ideal for people who are going into business for the first time. The courses provide rich information covering subjects such as:

 

  • Entrepreneurship
  • Career and Leadership
  • Finance and Accounting
  • Marketing and Commercial Awareness
  • Project Management
Over 80,000 business ideas supported with more than £600 million worth of loans
We offer low-interest personal loans and free mentoring to help you start or grow a new business.
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Borrow up to £25,000
(The average loan amount is £7,200)

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Fixed interest rate of 6% per annum (per year)

N

Repay the loan over a term of 1–5 years

N

No fees for arranging the loan or paying it back early

A great alternative for people looking for a business loan to fund a start-up.
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Support with writing business plans and cash flow forecasts

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12 months of free mentoring once you receive a loan​

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A range of useful templates and how-to guides

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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:

To be eligible to apply for a Start Up Loan, you must meet the following criteria:

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You’re 18 years of age or older
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You’re a current UK resident
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You’re starting a new business or have been trading for up to 24 months
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You’re unable to secure finance from other sources (self-declaration is ok)
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Your business is based in the UK
N
You have the right to work in the UK
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Your type of business and reason for wanting the loan is eligible under the terms of the scheme

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You pass our credit checks and you can afford to repay the loan

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.

UK Map

Start Up Loans passes £600m outside of London funding milestone

The British Business Bank’s Start Up Loans programme has passed a major milestone of £600 million worth of loans delivered outside of London, providing 68,559 loans to entrepreneurs outside of the capital since its launch in 2012.

The essential guide to starting a business

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.

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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.

Latest tips and advice delivered straight to your inbox

Whether you’re thinking of applying for a Start Up Loan in the future, or have already received one, sign-up to receive our monthly e-newsletter, filled with expert advice, latest success stories and special offers for your business.
  • By submitting this form you are signing up to receive the Start Up Loans newsletter containing useful business tips, advice, event details, offers and information about our products that can help you start and grow a small business.
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