Start or grow your own business
- Borrow up to £25,000
- Fixed interest rate of 6% p.a.
- 1-5 year repayment term
- 12 months of free mentoring
- Government-backed
Here you can create the content that will be used within the module.
If you’re a new business owner or have been trading for less than two years, you can benefit from:
Here you can create the content that will be used within the module.
STEP 1
REGISTER YOUR DETAILS
Fill in our registration form with information about you and your business.
We’ll then match you with (or let you choose) a specialist delivery partner who will help you prepare your application for final assessment.
STEP 2
COMPLETE AN APPLICATION FORM
Tell us about your personal situation, how much you want to borrow and how you’ll spend the money.
Then we’ll run a credit check (with your consent) to determine if you can afford the loan.
STEP 3
SUBMIT BUSINESS DOCUMENTS
Submit your Business Plan, Cash Flow Forecast and Personal Survival Budget for assessment.
We provide free templates to help you complete each of these documents. Each template includes detailed instructions.
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:
You’re starting a new business or have been trading for up to 36 months
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.