open12 viewsGlobal
Start Up Loans programme
The Start Up Loans programme is a government-backed personal loan scheme designed to support new and early-stage businesses across the UK. Administered by The Start Up Loans Company (part of the British Business Bank), it provides affordable loans up to £25,000 per applicant with a maximum of £100,000 per business. The programme offers a fixed interest rate of 7.5% per annum with repayment terms of 1-5 years. All successful applicants receive 12 months of free business mentoring alongside their loan, making it a comprehensive support programme for entrepreneurs who may struggle to access traditional finance.
Who can apply
UK residents aged 18+ who are starting a new business or have been trading for less than 60 months. Designed for individuals who struggle to access traditional finance. Must pass credit and affordability checks and hold controlling equity stake in the business.Perks & benefits
- 12 months of free business mentoring
- Business planning templates and guides
- Cash flow forecast templates
- Personal survival budget template
- Partnership with The Open University for free entrepreneurship courses
- Loan repayment calculator
- Market research guidance
- Support with choosing company structures
- Guidance on tax and insurance responsibilities
- Sales forecasting support
Key contacts
GC Business Finance
Finance Provider
Sources
Links used by the AI to gather information about this grant.
- iuk-business-connect.org.uk/opportunities/british-business-bank-growth-guarantee… ↗
- www.startuploans.co.uk/ ↗
- www.startuploans.co.uk/about-the-loan/am-i-eligible ↗
- www.startuploans.co.uk/about-the-loan/what-is-a-start-up-loan/mentoring-and-supp… ↗
- apply.startuploans.co.uk/s/register ↗
- www.startuploans.co.uk/contact-us ↗
- www.startuploans.co.uk/about-us ↗
- www.startuploans.co.uk/about-us/the-start-up-loans-company ↗