Government-backed alternative to small business grants
Borrow from £500 at a fixed interest rate of 6% p.a. withStart Up Loans, a subsidiary of the British Business Bank
Government backed alternative to small business grants
Borrow from £500 with Start Up LoansA Start Up Loan is a flexible alternative to a small business grant. It provides government-backed funding and free mentoring to individuals looking to start or grow a business in the UK.
With a fixed interest rate of just 6% per annum and the ability to borrow between £500 and £25,000, a Start Up Loan provides an excellent alternative to other lending routes like government business grants.
In addition to finance, all Start Up Loan recipients are offered up to 12 months of free mentoring support and access to a range of special business offers.
Click below to get started.
A Start Up Loan is a flexible alternative to a small business grant, providing government-backed funding and free mentoring to individuals looking to start or grow a business in the UK.
Click below to get started.
Our Essential Guide to Starting a Business
- Conducting market research on customers and competitors
- Choosing a company structure
- Figuring out your insurance and tax requirements
- Developing your business strategy and sales forecast
- Writing your business plan
- Analysing the strengths and weaknesses of your business
Need help getting started? Try our business planning templates
How to Apply
Our application process is designed to allow you to demonstrate that you can afford a Start Up Loan and that you have a strong, viable business idea. Find out more to get started.
STEP 1
REGISTER YOUR DETAILS
Fill in our registration form. Then choose a Delivery Partner or let us match you with one who we think can offer the best support with your application.
Your Delivery Partner will contact you and will be able to provide support with writing your business plan, creating your cash flow forecast and deciding on your loan amount.
STEP 2
COMPLETE AN APPLICATION FORM
Provide information about your business to help us understand your personal situation, how much you’re seeking and how you’ll use the loan.
Your Delivery Partner will run a credit check to assess if you’re eligible and, in line with our commitment to responsible lending, determine if you can afford the loan.
STEP 3
FINALISE BUSINESS DOCUMENTS
You’ll need to provide a business plan, cash flow forecast and personal survival budget. You can submit these straight away during your application if they’re ready to go.
Don’t worry if your documents aren’t ready yet – your Business Advisor will support you in creating them, and you can use our free templates.
Once your application is complete and you’ve signed your loan agreement, you can draw down your loan and access 12 months of free one-to-one mentoring right away. Click on the Register Now button below to get started.
Once your application is complete and you’ve signed your loan agreement, you can draw down your loan and access 12 months of free one-to-one mentoring right away. Click on the Register Now button below to get started.
To be eligible to apply for a Start Up Loan, you must fit the following criteria:
To be eligible to apply for a Start Up Loan, you must fit the following criteria:
Do you fit the criteria?
If you are in a business partnership, buying an existing business or starting a franchise, you are able to apply for a Start Up Loan if you fit the criteria above. Scroll down this page to find out more about the process for these applicants.