Starting a business can be challenging and you may need additional financial support to assist you in the early stages.
A Start Up Loan is a personal loan for business purposes for a term of 1 to 5 years at a fixed rate of 6% per annum. Applicants must be aged 18 or over at the time of the application. A credit check will be completed.
- All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
- The average loan amount is £9,295.
- Fixed interest rate of 6% p.a.
- 1 – 5 year loan repayment term
- Free application support
- Free post-loan support and mentoring
- Free templates & guides
- No application or set-up fees