Start Up Finance Northern Ireland
We help entrepreneurs across Northern Ireland start up businesses by providing loans, business advice and mentoring.
We have supported thousands of business ideas across Northern Ireland, England, Scotland and Wales.
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.
Apply for a Start Up Loan today and get the ball rolling on your business idea, or find out more about our business support and mentoring services.
SUPPORTING STARTUPS IN NORTHERN IRELAND
Specialising in Start Up Loans and business mentoring for new businesses across Northern Ireland, England, Scotland and Wales.
Transmit Start-Ups is a leading Delivery Partner for the Government’s Start Up Loans scheme, funded by the British Business Bank.
By 2020, the Government aims to deliver £350m to start-ups 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, Scotland and Wales.
Some Key Details
Start Up Loans at a Glance
£500-£25,000 Finance Available
6% P.A Fixed
Interest Rate
£7,000 Average Loan Size
For Businesses
Trading 0-24 Months
1-5 Years
Loan Term
No Application Fee or Early Repayment Fees
For UK-Based Businesses
Government-backed
Repayment Example
The monthly repayments for a £5000 loan would be approximately:
| Loan Period | Monthly Payment |
|---|---|
| 12 months | £430 |
| 24 months | £222 |
| 36 months | £152 |
| 48 months | £117 |
| 60 months | £97 |
For other loan amounts and repayment periods, use our Loan Calculator.
Some FAQs Answered
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.
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.
- You must be aged 18 or over
- You 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
- Each business founder (partner, director or shareholder) can apply for a separate loan
- Repayments are made over a period of 1 to 5 years and have a 6% p.a. fixed interest rate