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.
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.
Some Key Details
Start Up Loans at a Glance
£500-£25,000 Finance Available
6% P.A Fixed
£7,000 Average Loan Size
Trading 0-24 Months
No Application Fee or Early Repayment Fee
For UK-Based Businesses
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.
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.
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
The monthly repayments for a £5000 loan would be approximately:
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For other loan amounts and repayment periods, use our Loan Calculator.
Transmit Start-Ups (Scotland)
Transmit Start-Ups (Scotland)
22 Montrose Street