A Start Up Loan is a personal loan for business purposes. We lend to applicants who are 18 years or older at the time of application.
Individuals can receive one loan, however more than one partner in a business can apply for a Start Up Loan. Please note that the applicant will be credit checked as part of their application.
- Applicant must be aged 18 or over
- Applicant must be based in the UK
- The loans are unsecured personal loans
- The loans can only be used for business purposes
- We can provide loans of up to £25,000 per person (minimum £500)
- Each business founder (partner, director or shareholder) can apply for a separate loan (maximum of £100,000 per business)
- Repayments are made over a period of 1 to 5 years
- 6% p.a. fixed interest rate