Start Up Finance Northern Ireland

Looking for a Start Up Loan in Northern Ireland? We help entrepreneurs across Northern Ireland with small business finance, advice and mentoring

Leading Start Up Loan delivery partner in Northern Ireland

From Armagh to Derry, Belfast to Lisburn, Transmit Startups have been providing Start Up Loans in Northern Ireland since 2016.

Our loans are open to all industries so, whatever your business idea and wherever in Northern Ireland you’re based, we’ve got you covered.

Our Start Up Loans in Northern Ireland range from £500 to £25,000. They're suitable for anyone looking to start their own business and for existing small businesses looking to expand.

  • For businesses from pre-trading to two years’ trading
  • Borrow £500 to £25,000
  • Competitive 6% interest rate
  • During coronavirus, defer payments for the first three months

Find out how much you can borrow with out Start Up Loan calculator.

And don't forget to check out our Business Startup Guides.

Apply For A Start Up Loan

SUPPORTING STARTUPS IN NORTHERN IRELAND

Specialising in Start Up Loans and business mentoring for new businesses across Northern Ireland, England, Scotland and Wales.

Transmit Startups 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 startups through the Start Up Loan 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.

The Small Print
Register for a Start Up Loan

Some FAQs Answered

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.

  • 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
Visit the FAQs page