Start Up Loan Application

Thank you for considering a Start Up Loan. Before you get started, we need to know a few details about you to make sure you’re eligible.

Before you start...

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

In addition to finance, successful applicants receive 12 months of free mentoring and exclusive business offers to help them succeed.

The loan is unsecured, so there’s no need to put forward any assests or guarantors to support an application.

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.

  • Borrow £500 – £25,000
    (The average loan amount is £7,200)
  • Fixed interest rate of 6% p.a.
  • 1 – 5 year loan repayment term
  • Free application support
  • Free post-loan support and mentoring
  • Free templates and guides
  • No application or set-up fees

Please answer all the questions below:

Is or will your business be based in the UK?
To be eligible for a Start Up Loan, your business must be a UK registered business and/or registered in the UK for tax purposes. Businesses that primarily export goods or services may still be eligible to apply provided the operational side of the business and the majority of the revenue resides in the UK


Are you a UK resident and will you remain in the UK for the duration of your loan?
You must be living in the UK at the time of your application and for the duration of your loan. If you are an EU, EEA or Swiss citizen and require information about the EU Settlement Scheme, please go to https://www.gov.uk/settled-status-eu-citizens-families. If you are a non-EEA/EU citizen, Start Up Loans will ask for evidence of your right to remain in the UK e.g. VISA


Do you have the right to work in the UK?
In order to be eligible for a Start Up Loan, your business must be a UK registered company and or registered in the UK for tax purposes. Businesses that promarily export goods or services may still be eligible to apply provided the operational side of the business and the majority of the revenue resides in the UK


To be eligible for the scheme, your business must be a start up or within its first 36 months of trading. Unfortunately, businesses which have been trading for longer than 36 months are not eligible. If the date of incorporation of your business is more than 36 months ago, you may be asked to provide proof of when you began trading.
Has your business been trading for more than 3 years?
If you are unsure or would like to discuss this, please give us a call on 0333 3130024

Some business types are not eligible for a Start Up Loan, for example, banking and money transfer services, and other FCA Regulated activities. Find out more information about excluded business types
Do you confirm your business type is supported by the scheme?
If you are unsure or would like to discuss this, please give us a call on 0333 3130024

A Start Up Loan can only be used to fund the initial cost of starting and developing a business. The loan cannot be used to fund certain activities such as debt payment, training qualification and education programmes. Find out more information about excluded loan types
Do you confirm your loan type is supported by the scheme?
If you are unsure or would like to discuss this, please give us a call on 0333 3130024

The finance assistance provided by Start Up Loans counts as de minimis State Aid under EU Law (under the "Minimal Financial Assistacne" provisions of the UK Subsidy Control Act 2022) under UK law.. Find out more information about state aid
In the last three years, have you received any other de minimis State aid?
  The finance provided by Start Up Loans counts as de minimis State aid under EU law
I
Do you declare that the combined total of de minimis State aid you have received within the last three years, including the amount you are currently applying for, does not exceed de minimis State aid limits?


Personal Details

Title


First Name


Middle Name


Last Name


Date of Birth
Day                    


Month               

Year                   

National Insurance Number


Contact Details

Personal E
mail Address


Confirm Personal Email


Mobile Number
 

 

By clicking 'Submit Registration' you acknowledge you have read our Privacy Policy and agree to share personal data with approved External Agencies, including the scheme provider, our Delivery Partner, Finance Partners, Credit Agencies and Debt Collection Agencies for the purpose of registering your loan application and providing mentoring services. In addition you confirm that you have read and understood the Start Up Loan product features, including that it is a personal loan for business purposes and that you have assessed the product features in line with your borrowing needs and consider them suitable to your requirements.