Kickstart your food and drink business with Start Up Loans“My Start Up Loan mentor has been one of the best sources of advice that I’ve had whilst starting up. I have to say the mentoring that comes with the loan, for me, was far more valuable than the loan itself!" - Pippa Murray, founder of Pip & Nut
Pip & Nut
Pippa spotted a gap in the market and used her Start Up Loan to fund a proof of concept. After three months of selling her range of nut butters at a market in Bermondsey, she knew she was on to something and Pip & Nut was officially off the starting block.
The Old School BBQ Bus
Mark Fairley launched his own traditional American BBQ business in a bright yellow high school bus with his Start Up Loan. He had been a passionate amateur chef for many years, but after decided to make it a career, the Old School BBQ Bus was born.
Matt Hinton set up Brew Cavern in Nottingham and realising that there were no retailers specialising in serious and craft beers. He used his Start Up Loan to get the store going and now has tourists and loyal customers alike enjoying beers alike.
Personal Loan for Business Purposes
A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK. In addition to finance, successful applicants receive 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, with a maximum of £100,000 available per business.