Apply for a Start Up Loan for your business
Apply for a government-backed Start Up Loan of 拢500 to 拢25,000 to start or grow your business.
Unlike a business loan, this is an unsecured personal loan. You鈥檒l need to pass a credit check.
You鈥檒l get free support and guidance to help write your business plan, and successful applicants get up to 12 months of free mentoring.
Before you start
To apply for the loan all of the following must apply:
- you live in the UK
- you鈥檙e 18 or over
- you have (or plan to start) a UK-based business that鈥檚 been fully trading for less than 36 months
Fees and repayment
Start Up Loans are government-backed and charge a fixed interest rate of 6% per year.
You can repay the loan over a period of 1 to 5 years. There鈥檚 no application fee and no early repayment fee.