Start Up Loans are government backed personal loans available to individuals looking to start or grow a business in the UK.
With a fixed interest rate of just 6% per annum over 1 to 5 years, and the ability to borrow between £500 and £25,000, Start Up Loans offer an affordable source of finance to help new and early stage business owners bring their plans to life. There are no application or set up fees.
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.
Loans are strictly for 18s and over. Personal loans for business use only. Finance is subject to status. Terms and conditions apply.
To find out more or to apply visit www.startuploans.co.uk.
To be eligible to apply you must be 18 years of age or older, resident in the UK, starting a new business or have been trading for up to 24 months and unable to secure finance from other sources (self declaration is ok). Your business must be based in the UK and you must have the right to work in the UK. You must pass our credit checks and be able to afford the repayments.
You can apply for a Start Up Loan if you are in a business partnership, buying an existing business or starting a franchise provide you fit the criteria above.
In all cases business type and loan purpose eligibility criteria apply.