Fund title: Start Up Loans Company

Focus of fund/fund aims:

Affordable loans and mentoring to help people who are starting a new business or who have been trading for up to 24 months

Application deadline:

Applications can be submitted at any time

Fund description:

The Start Up Loans Company is a subsidiary of the British Business Bank. It delivers the Government’s Start Up Loans programme providing finance and support for new and early-stage UK businesses.

The scheme enables individuals looking to start or grow a business in the UK to borrow between £500 and £25,000 as a personal loan with a fixed interest rate of 6% per annum. All owners or partners in a business can apply individually for up to £25,000, up to a maximum of £100,000 available per business.

In addition to finance, successful applicants receive 12-months of free mentoring and other support.

The Start Up Loans Company also provides free business planning templates and start-up guides which can be downloaded from their website.

Further information:

https://www.startuploans.co.uk/home-page/