Start Up Loans
To apply for a loan you must be:
- 18 years old or older when you apply
- living in the UK
Start Up Loans is a government-funded scheme that funds and mentors entrepreneurs.
You’ll have a delivery partner (assigned by the Start Up Loans Company) who will help you develop a business plan. This will be assessed and funding decided by the Start Up Loans Company.
You’ll get a low-cost unsecured loan, business mentoring and a range of business support products if your plan is approved.
You must pay the loan back within 5 years, and you will pay a fixed rate of interest. Capital repayment holidays are available, but you must pay interest each month.