Start or grow your own business…

…with the help of a government-backed Start Up Loan and free business support. A great alternative for individuals looking for business loans to fund their start up.

 

Start or grow your own business…

…with the help of a government-backed Start Up Loan and free business support.

A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.

Start Up Loans offer an affordable source of finance to help new and early stage business owners bring their plans to life. You can borrow between £500 and £25,000; the average loan amount is £7,200.

In addition to finance, all Start Up Loan recipients are offered up to 12 months of mentoring support and access to a range of special business offers.

Click below to get started.

A Start Up Loan is a government-backed personal loan with free mentoring available to individuals looking to start or grow a business in the UK.

Click below to get started.

Loans are strictly for 18s and over. Personal loans for business use only. Finance is subject to status. Terms and conditions apply.

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Borrow £500 – £25,000
(The average loan amount is £7,200)

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Fixed interest rate of 6% p.a.

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1-5 year loan repayment term

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Free application support

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Free post-loan support and mentoring

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No application or set-up fees

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Exclusive business offers

Our Essential Guide to Starting a Business

To help you turn your business idea into reality, we’ve created this short guide with all the essential information you need to get started. It includes tips and advice on a wide range of topics that are important to consider when getting your start up business off the ground.

  • 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.

Read MORE

How to Apply:

How to Apply:

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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.

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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.

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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.

When your application is submitted in full, a loan assessment will be carried out to evaluate if you have a strong and viable business plan and you can afford the loan and associated repayments. Your Business Advisor will work with you to ensure you are able to reach this point.

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.

When your application is submitted in full, a loan assessment will be carried out to evaluate if you have a strong and viable business plan and you can afford the loan and associated repayments. Your Business Advisor will work with you to ensure you are able to reach this point.

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.

Eligibility Criteria:

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

Eligibility Criteria:

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

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You’re 18 years of age or older

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You are currently a resident of the UK

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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

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You have the right to work in the UK

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Your business type and loan purpose are eligible under terms of the scheme

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

Do you fit the criteria?

Register today and a Business Advisor will be in touch to help you get your business venture under way.

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.

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.

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