Fund title: Smarta Start-up Loans
Focus of fund/fund aims:
Smarta is a new business platform for business owners and entrepreneurs, and is funded and backed by some of the UK’s top entrepreneurs. Smarta believes that business owners learn best from each other and aims to provide a one-stop-shop where business owners can connect, learn and actually ‘do’ business.
The Start-up Loans programme is a £112 million government-backed programme led by Lord Young (Enterprise Adviser to David Cameron) and James Caan (Chairman of the Start Up Loans Company) which operates through delivery partners across the country, who support entrepreneurs in all industries and sectors
Smarta Start-up Loans are aimed at new start-up companies or those in their first 12 months of trading.
Loans of up to £9,950 can be given, and the average loan size is £5,400.