0844 943 2988 loans@ldbgroup.co.uk

Am I Eligible?

Although we do our best to make it easy for people to kick-start their enterprises, not everyone is eligible for a Start Up Loan.

To be considered as a candidate for a Start Up Loan, you must:

  • Have a sound business proposal
  • Start Up Loans are available to businesses ready to launch or those that have been trading for up to 24 months,
  • Believe you are likely to be refused a bank loan
  • Not currently subject to a bankruptcy order or an IVA (Individual Voluntary Arrangement) or a DRO (Debt Relief Order)
  • If you’ve had other credit issues in the past, please be sure to declare these in full when you complete your loan application

You must also:

  • Must reside in the UK
  • Must have the right to live and work in the UK
  • Be aged 18 years and over at time of application
  • Must not already have received a loan under the Start Up Loan Scheme
  • Your business type and loan purpose is eligible under the terms of the scheme
  • Pass our credit checks and show that you can afford to repay the loan