We help entrepreneurs across Northern Ireland startup their own businesses by providing financial loans, support and mentoring.
So far, we have supported thousands of business ideas and provided over £14 million worth of startup loans to entrepreneurs across Northern Ireland, England and Scotland.
Northern Ireland has been billed as the best place to start and grow a business, with more young businesses reaching the £1m sales milestone than anywhere else in the UK. Around 10 per cent of firms in NI reach the £1m within the first three years of business, compared with 7.9 per cent of small businesses in London and 6.2 per cent in England overall.
Register for a start up loan today and get the ball rolling on your business idea, or find out more about our ongoing support and mentoring services.
Specialising in startup loans and business mentoring for new businesses across Northern Ireland, England and Scotland, Transmit Start-Ups is a leading Delivery Partner for the Government’s Start Up Loans scheme. By 2020, the Government aims to deliver £350m to startups through the scheme to fund 75,000 business ideas. The aim of the scheme is to provide loans and mentoring to people from all walks of life who want to start a business but struggle to get finance from their bank.
Our start-up loans range from £500 to £25,000 and are eligible not only to those looking to start their own business for the first time, but also to existing small businesses looking to expand. We also provide business mentoring support to all of our loan recipients, with experienced business mentors based across Northern Ireland, England and Scotland.
To apply for a loan, you must be aged 18 years or over and based in Northern Ireland, Scotland or England. We can provide loans from £500 up to £25,000 per person. Each business founder (partner, director or shareholder) can apply for a separate loan. Our loans can only be used for business purposes.
There are no fees charged for obtaining a Start Up Loan or any of the services associated with it.
There are also no early repayment fees. Repayments are made over a period of 1 to 5 years and have a 6% p.a. fixed interest rate, so you know exactly how much you need to pay back each month.
Our loans are unsecured personal loans.
Yes. The approval of all of our loan applications is subject to a credit check.
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 you will be credit checked as part of your application.
For other loan amounts and repayment periods, use our Loan Calculator.