Rating based on 49 reviews

Start Up Loans Company

Updated

  • Business loans up to £25,000
  • Low-interest up to 6.0%
  • Repayment up to 5 years

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Author Start Up Loans Company. Screenshot of Start Up Loans Company website. [Accessed September 5, 2019]

About Start Up Loans Company

The Start-Up Loans Company was established with a goal to assist new early-stage UK businesses to have access to affordable business loans and mentoring support.

We’re a subsidiary of the British Business Bank and provide the Government’s Start-Up Loans programme offering capital and support for businesses who struggle to acquire other forms of capital.

Delivery Partners

We work with a nationalised network of delivery partner firms that provide experienced business advisers to offer pre-loan assistance, evaluate applications and deliver monitoring. In summation to assisting applicants in preparing their business plan and cash flow forecast, our Delivery Partners are accountable for analysing final applications and offering ongoing mentoring assistance to successful applicants.

What have we done for businesses?

Start-Up Loans have had a changing impact on the lives of thousands of individuals, our local communities and nationwide. We've already assisted thousands of businesses with a quick loan. Visit our website for the full story on some of our most motivating loan recipients: why they became their own boss, the summons they faced and overcome along the way and how a Start-Up Loan assisted them to reach their ambitions.

Start Up Loans Company Services

A Start-Up Loan is a government-backed personal loan accessible to individuals looking to start or develop a business in the UK.

To help you transform your business plan into reality, we’ve generated a short guide with all the crucial information you need to get started. It contains tips and advice on a wide range of subjects that are imperative to consider when getting your start-up business off the ground.

What to consider when building a start-up

  • Managing market research on consumers and competitors.
  • Select a company structure.
  • Figuring out your insurance and tax demands
  • Growing your business master-plan and sales forecast.
  • Writing your business objective.
  • Examine the strengths and weaknesses of your businesses.

Personal loan for business purposes

The loan is unsecured, so there’s no need to put ahead of any assets or guarantors to back the application. All owners or partners in a business can discretely apply for a business or personal loan up to £25 000 each, with a maximum of £100 000 accessible per business. We will supply free templates and can personally help you generate your business plan, cash flow forecast and personal survival budget to yield with the application.

Start Up Loans Company Product Details

  • Loan Type Business loans
  • Interest Rate 6.0%
  • Loan Amount up to £25,000
  • Repayment 1 year to 5 years

Summary of Services

  • No hidden fees
  • The interest rate is fixed
  • No fee for early repayment

Quick credit checks and loan assessments

You are still entitled to apply for a Start-Up Loan if you are buying an existing business.

You can still buy the business even if that business has been trading for more than two years under discrete ownership, provided you personally have not owned the business.

Our loan process

Throughout the application process, we will handle a personal credit check with the Credit Reference Agency (CRA). Our general loan assessment will also take into the power and viability of your business, indicated through the Business Plan and Cash Flow Forecast you send with your application.

Excluded loan purposes

Start-Up Loans are created to fund the beginning costs of starting and exposing business and therefore cannot be used to finance the following activities:

  • Debt payback.
  • Instructing, modifications or educational programmes.
  • Expenditure opportunities that do not form part of an on-going sustainable business.
  • Debt consolidation

How we treat business partnerships

Where there is a business necessity, multiple business partners can separately apply for a Start-Up short-term loan of up to £25 000. However, please note that we can only loan a maximum of £100 000 to any business. Each partner's application will be assessed individually and if prosperous, each individual will be personally responsible for their loan.

Customer Reviews & Testimonials

March 2019

They provided a good customer experience

Mandy B
— Mancherster —

April 2019

They helped me with my business plan and made it easy for me to get my business up and running

William B
— Liverpool —

Start Up Loans Company Contact Details

Physical Address

  • 71-75 Shelton Street London Covent Garden WC2H 9JQ United Kingdom
  • Get Directions

Opening Hours

  • Monday 09:00 – 18:00
  • Tuesday 09:00 – 18:00
  • Wednesday 09:00 – 18:00
  • Thursday 09:00 – 18:00
  • Friday 09:00 – 18:00
  • Saturday – Closed
  • Sunday – Closed