START UP LOANS

Yes. Start Up Loans are available to sole traders as well as owners of limited companies.

Yes. As long as you haven’t already borrowed the £25,000 maximum amount and you’ve made more than 6 full repayments, you can apply for another Start Up Loan.

Yes. If you meet the eligibility criteria and at least 6 months have passed since your last unsuccessful application, you can re-apply.

A traditional business loan is made to the business itself, rather than the owner, and is typically secured (something of value is used as collateral to secure the loan). Business loans are also not generally restricted to businesses of a specific age.

Start Up Loans are only open to owners of businesses that have been trading for less than 36 months. It is an unsecured, personal loan to the owner of the business.

We’re acting as a referrer only. We run pre-eligibility checks to see if we think you could be eligible to apply for a Start Up Loan, and we let you know in-app if we think you are.

If you’re eligible and you choose to apply, your application will be made with the Start Up Loans Company (a part of the British Business Bank).

If your application is successful, your loan agreement and loan funds will be provided to you by one of the Start Up Loans Company business support or finance partners.