Start Up Business Loans Scotland

//Start Up Business Loans Scotland
Start Up Business Loans Scotland

Start Up Business Loans Scotland

We help entrepreneurs across Scotland start up businesses by providing loans, business advice and mentoring.

We have supported thousands of business ideas across Scotland, Northern Ireland, England and Wales.

From Aberdeen to Edinburgh, or retail to recruitment, our start up finance is available across Scotland and our loans are open to all industries. So, whatever your business idea, we’ve got you covered.

As of 2016, Scotland is the second-largest economy in the United Kingdom, the twelfth-largest economy in the 28-member European Union and the 43rd largest in the world. With no sign of this trend slowing, there remains plenty of opportunity to capitalise on Scotland’s economic growth.

Supporting Scottish Start Ups…

Transmit Start-Ups is the leading Delivery Partner in Scotland for the Government’s Start Up Loans scheme, funded by the British Business Bank, with expertise and offices in Scotland and England. The Government has committed £450m to the scheme and plans to deliver 75,000 loans by 2020, which means there has never been a better time to start your own business.

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.

Apply For A Start Up Loan

Supporting Scottish Start Ups

Kirsty Gurr from Dunbar, East Lothian, was our 1,000th Start Up Loan recipient. Watch the video below to see how Kirsty made her business dream, The Alchemist cocktail van, become a reality.

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To read more about Kirsty’s start up story, click here, or, if you are based in Scotland and interested in applying for a start up loan, register online today.

Some Key Details

Start Up Loans at a Glance

finance-available
£500-£25,000 Finance Available
interest-rate

6% P.A Fixed
Interest Rate

average-loan
£7,000 Average Loan Size
businesss-trading

For Businesses
Trading 0-24 Months

loan-term

1-5 Years
Loan Term

no-fee
No Application Fee or Early Repayment Fee
uk-businesses
For UK-Based Businesses
government-backed
Government-backed

Advisers

Meet Our Business Advisers in Scotland

Our mentors make themselves available to our start up loan recipients for a few hours every month, to help a lending hand and offer a listening ear on what will undoubtedly be a very demanding time. We work with a carefully selected group of mentors, chosen for their expertise and own experiences in the business field and well-placed to offer some support and guidance to budding entrepreneurs.

As a group of successful individuals, they provide our entrepreneurs with access to a wealth of expertise and knowledge delivered in a way that is timely and tailored specifically to each start-ups business scenario.

Michelle Doherty
Michelle DohertyBusiness Advisor
Morag Kelly
Morag KellyBusiness Advisor

Our Mentors

Our mentors make themselves available to our loan recipients for a few hours every month, to help a lending hand and offer a listening ear on what will undoubtedly be a very demanding time. We work with a carefully selected group of mentors, chosen for their expertise and own experiences in the business field and are well-placed to offer support and guidance to budding entrepreneurs.

Apply For A Start Up Loan

Help!

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

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
Collabor8te
Transmit Start-Ups (Scotland)

Transmit Start-Ups (Scotland)
c/o Collabor8te
22 Montrose Street
Glasgow
G1 1RE

Note: Please do not send any paperwork to the above address unless requested. All paperwork should be sent to our head office.