Startup Loans

The Start Up Loans Company is a government funded initiative offering new ventures or those that have been trading for no longer than 2 years business and financial support. The scheme provides free business planning prior to taking any monies ensuring applicants are in the best possible position to receive funding. Once an individual receives their repayable loan they will also be given access to an expert mentor, free training course and business offers.

 

A Start Up Loan is a personal loan for business purposes, it aims to help individuals starting a new venture which is either still in the planning stages or has been trading for up to 2 years.

Anyone aged over 18 at the time of registration and living in the UK, is eligible to apply for a loan. You must have an acceptable business idea and want to use the loan monies to support this venture. You may have already started your business, but you cannot have been trading for more than 2 years. You must have the legal right to remain in the UK for the duration of your loan term and the right to be self-employed.

Every loan application is considered according to the needs of your business, with an average loan size of around £6,000. The final loan size will be determined by your business plan.  Loans up to £25,000 are available.

 

More information can be found at: http://www.startuploans.co.uk/

Including some case studies: http://www.startuploans.co.uk/category/success-stories/

 

Local delivery partners: 

NBV Enterprise Solutions- https://www.startuploans.co.uk/delivery-partners/nwes/

Enterprise Loans East Midlands- http://www.startuploans.co.uk/enterprise-loans-east-midlands/

Midlands Community Finance- http://www.startuploans.co.uk/midlands-community-finance/

 

Start Up Loan Infograph