Apply for a Start Up Loan for your business

Apply for a government-backed Start Up Loan of £500 to £25,000 to start or grow your business.

Unlike a business loan, this is an unsecured personal loan. You’ll need to pass a credit check.

You’ll get free support and guidance to help write your business plan, and successful applicants get up to 12 months of free mentoring.

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Before you start

To apply for the loan all of the following must apply:

  • you live in the UK
  • you’re 18 or over
  • you have (or plan to start) a UK-based business that’s 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’s no application fee and no early repayment fee.

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