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How do I apply?

When you apply for a Start Up Loan, we know it’s not just about the money; it’s about helping you build your business.

Our application process provides free business guidance and support throughout, while keeping you informed at every stage.

Here are the five steps involved in applying for a Start Up Loan:

Step 1 – Eligibility

We'll start by sharing some key information about the Start Up Loan, including its features and who’s eligible to apply.

Next, we’ll ask you a few quick questions to make sure that your business and how you plan to use the loan are a good fit for a Start Up Loan.

Step 2 – Registration

Next, we’ll ask for some personal details and about any State aid you’ve received in the past 36 months..

This forms part of the Start Up Loan registration process.

Once you've registered, you'll get an email explaining how to set up your online account and create a password.

From there, you’ll be able to log in to our customer portal and complete your application at your own pace.

Step 3 – Residential information

In this section, you’ll tell us more about the person behind the business – you.

We’ll use this information later in the process to pair you with a Business Support Partner who will support you with your application.

We’ll find the right Business Support Partner for you based on your personal details such as where you live or if you (or a family member) have previously served in the armed forces.

If you have a connection with the armed forces, we’ll offer you access to a specialist support partner who understands your circumstances.

Step 4 – Credit check

Next, we’ll carry out a personal credit check to make sure that you can afford the repayments of the Loan you’re applying for. 

This is a standard part of the process and involves reviewing your financial history, including things like credit cards, utility bills, phone contracts, and mortgages - anything that shows how you’ve managed money in the past.

At this stage, we’ll also ask for your personal bank details - this is where your funds will be transferred to if your loan is approved.

If you pass the credit check, you’ll be matched with one of our Business Support Partners and assigned a dedicated business adviser to help you through the rest of the application process.

Remember, the credit check is valid for 90 days from the date it’s completed.

Step 5 – Your business information

The final step of your application is to upload your Business Plan to support your application.

If you need assistance creating one, we’ve put together a free template to help you get started.

Your business adviser will review your business plan as well as any key supporting documents and will work with you to get them ready for assessment.

When reviewing your application, we’ll use your Business Plan and Cash Flow Forecast to develop a picture of the strength and viability of your business.

We’ll also consider the affordability of the loan based on your Personal Survival Budget.

If your application is successful, you will instantly qualify for 12 months of free business support with your very own business mentor.