Start or grow your own business…
…with the help of a government-backed Start Up Loan and free business support.What is a Start Up Loan?
A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.
On top of finance, successful applicants get 12 months of free mentoring and exclusive business offers to help them succeed.
The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application.
All owners or partners in a business can individually apply for up to £25,000 each, max £100,000 available per business.
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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?
How to Apply:
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 can provide support with writing your business plan, creating a cash flow forecast and deciding 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 YOUR 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. You can also use our free templates to get started yourself.
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.