We are currently experiencing unusually high service volumes and regret that this is impacting the speed at which we are able to progress customer applications. We are taking action to address the increased demand for our services and working hard to progress in-flight applications as quickly as we can.
In the meantime, we apologise for any inconvenience this may cause you. To ensure your application is processed as quickly as possible, applicants are advised to check they have fully completed all relevant sections of the application, with as much supporting detail as possible.
In the meantime, we apologise for any inconvenience this may cause you. To ensure your application is processed as quickly as possible, applicants are advised to check they have fully completed all relevant sections of the application, with as much supporting detail as possible.
Services
Four years after Lord Young initially conceived of the idea, with over 45,000 Start Up Loans distributed to UK businesses, his vision is well on its way to becoming a reality. Lord Young said "it is easier than it has ever been to start a business" and the impact and achievements of the Start Up Loan scheme to date certainly supports this.
We're part of the British Business Bank and deliver the Government's Start Up Loans programme, providing finance and support for businesses who struggle to access other forms of finance. We work with a national network of delivery partners who are based across England, Wales, Scotland and Northern Ireland.
A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK. In addition to finance, successful applicants receive 12 months of free mentoring and exclusive business offers to help them succeed. The loan is unsecured, so there's no need to put forward any assets or guarantors to support an application.
With our flexible loan terms and low annual interest rate, you can get a Start Up Loan that works for you and your business. Our loan calculator is designed to help you work out what your total and monthly repayments* will be, depending on the loan term and amount you choose. We can offer from 500 to 25,000 at a fixed interest rate of 6% per annum and you can choose a loan repayment term between one to five years.
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. Agents for third parties, where a third party earns the majority of the revenue or you would only be earning a commission (not to be confused with franchise businesses which are eligible to apply).
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