Start Up Loans are a government-backed personal loan available to individuals looking to start or grow a business in the UK.

With a fixed interest rate of just 6% per annum and the ability to borrow between £500 and £25,000, Start Up Loans offer an affordable source of finance to help new and early stage business owners bring their plans to life.

When reviewing Start Up Loan applications, we consider two core factors: your personal affordability and, just as importantly, the viability of your business plan.

And because we make it our mission to help you not just start up, but survive and thrive, our support goes beyond what typical lenders provide. We offer a range of free options for guidance, both during the application process and once you’ve secured the loan, to help put you in the best possible position to succeed.

Start Up Loans are structured on a monthly repayment schedule, based on a loan repayment term of between one and five years.

In addition to finance, all Start Up Loan recipients are offered up to 12 months of mentoring support and access to a range of special business offers.

Who is it for?

To be eligible for a Start Up Loan you must be:

  • 18 years of age or older
  • A current UK resident
  • Starting a new business or have been trading for up to 24 months
  • Able to pass our credit checks and demonstrate that you can afford to repay the loan
  • Unable to secure finance from other sources (self-declaration is acceptable).

How does it work?

Additional information:

Lancashire-based delivery partners for Start Up Loans are:

Other delivery partners operate throughout the country, including Lancashire.

Working with and supported by:

  • ERDF - logo