Start up loans
The Start Up Loan programme has already helped over 7,250 business owners with more than £68m of finance, all backed by the UK Government.
What are Start Up Loans?
Government-backed start up loans are available to help people who want to start or grow a business that is less than 36 months old.
Start Up Loans are a great opportunity for individuals in need of a personal loan for business purposes to fund their new business. In addition to the loan you will also receive 12 months free business support and mentoring to help with starting and growing your business.
How much can I apply for Start Up Loans?
Start Up Loans can help fund your business ideas and you can:
- Borrow up to £25,000
- Fixed interest rate of 6% p.a.
- 1 – 5 year loan repayment term
- No set up or early repayment fees
Use the Loan repayment calculator to help you work out what your total and monthly repayments will be, depending on the loan term and amount you choose.
What other support can I get?
You can also receive free business advice, which can give you the confidence and guidance to succeed:
- Pre-loan support with business plans and cash flow forecasts
- 12 months of free mentoring for loan recipients
- A range of useful templates and start up guides
Get started today
More information
Get Help to Grow from the UK Government such as management courses, growing your exports and managing your tax.
Read about The Pretty Wild Flower Co. – a start up loan case study.
Receive business support updates from the UK Government on Facebook, Twitter and LinkedIn.
Browse business support in Scotland.
Find help and advice with starting a business from the Scottish Government.