A government funded scheme providing advice, loans and mentoring to start up businesses.
Have you ever dreamt of setting up your own business? Now you can with the help of a Start Up Loan. Start Up Loans are personal loans for business funding purposes. We give you the opportunity to borrow up to £25,000 at a fixed interest rate of 6% per annum.You are required to pay back the loan within one to five years, though the exact term will be agreed as part of the application process.
When you apply for a loan, your application will be assessed individually based on the information you provide, a credit check obtained from a Credit Reference Agency and our internal credit policy. As a responsible lender, we are committed to ensuring any loan offer made is affordable. Your credit history will therefore be considered and your existing financial position taken into account. When an application is declined we will inform you why your application could not be approved.
The Start Up Loans Company works with a network of Delivery Partner organisations who support Start Up Loans applicants in all regions and industries throughout the UK.
Once you receive your Start Up Loan, you will be offered a mentor. You are entitled to 15 hours of free mentoring across 12 months. As well as a mentor, you can access exclusive business offers to help reduce the cost of running a business.
Visit Start Up Loans for more details