Find out more on the Start-Up Loans Company website
Find out what you can get and if your business is eligible
To apply for a loan you should be:
- over 18 years old when you apply
- living in England, Wales or Northern Ireland
- interested in starting a business
Start-up Loans is a government-backed scheme to fund and mentor young entrepreneurs. They will work with you to develop your idea, and help you present your business proposal to a panel where you’ll pitch for a loan.
You’ll receive a low-cost unsecured loan, business mentoring and a range of business products if your pitch is successful. The average loan is around £5,400.
You’ll need to pay back the loan within 5 years at a fixed-rate of interest - currently 6%. Capital repayment holidays are available, but interest must be covered monthly throughout.
Start-Up Loans are aimed at entrepreneurs aged 18 and over living in England, Wales or Northern Ireland who are looking for finance to start a business.
The average loan is around £5,400.