Start Up Business Loans Scotland

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

Providing Start Up Loans in Scotland since 2014

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.

Our Start Up Loans in Scotland range from £500 to £25,000 and are suitable for savvy Scots looking to start their own business and to 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.

Leading Start Up Loan delivery partner in Scotland

Transmit Startups is the leading Delivery Partner in Scotland for the Government’s Start Up Loans scheme, funded by the British Business Bank.

We have offices in Scotland and England, providing friendly expert support to people interesting in borrowing money to start a business, or develop a small business into something bigger.

Our business finance experts – based in Glasgow and Edinburgh – know everything you need to know to start a business in Scotland. They can help you to:

Meet our Scottish startup experts, Morag and Michelle, below.

Check your eligibility for a Start Up Loan today

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

£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

Advisers

Meet Our Business Advisers in Scotland

Friendly and well-informed, Morag, Michelle and Craig are our Start Up Loan  experts and business advisers in Scotland.

Michelle Doherty
Michelle DohertyBusiness Advisor
Morag Kelly
Morag KellyBusiness Advisor
Craig Reid
Craig ReidAssociate Business Adviser

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