A Start-Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.
The loan is an unsecured personal loan issued in the name of the applicant and the applicant remains solely responsible for the repayment of the loan, even in the event that their business fails.
You can borrow between £500 and £25,000.
Repayment terms of 12 to 60 months.
Fixed interest rate of 6% per annum.
Free application support
Free post-loan support and mentoring
No application or set up fees
No early repayment fees
Our average loan size is between £5,000 and £10,000, but of course the final amount ultimately depends on the needs of individual, the type of business model and how you intend to use the money.