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Start-up Loans for New Business

A start-up loan is finance provided to the owners of pre-revenue or early-stage new businesses. These business finance options are offered and managed by approved lenders up and down the UK and funded by the British Business Bank.



What is a start-up loan for new business?


A start-up loan is a type of loan specifically for new business owners to launch and grow. Business start-up loans and grants range from £500 to £25,000, with a fixed interest rate of 6%.

Eligibility and exclusions


Business start-up loans and grants are available to business owners whose business has been trading for less than three years. They are commonly used as a method of funding for self-employed businesses.

Businesses will initially undergo an online eligibility check to confirm that they may proceed with an application.


Benefits and scenarios


Business start-up loans and grants are unsecured.

The scheme is intended for start-up businesses. A well-planned business venture should stand a good chance of achieving funding.

There is a lot of business start-up support given to you throughout the application journey, as well as after the business loan for a start-up has been taken.



Business loans for a start-up are personal loans, which means the loan applicant is personally liable for the borrowing.

This also means that if you are unable to keep up repayments, it could negatively impact your personal credit score and your ability to obtain further credit.

Applicants will be subjected to a personal credit check at the outset of the application.

Things you can use to
secure the finance


You don’t need to have any collateral to help secure a start-up loan. As it is a personal loan, it means you are personally responsible for its repayment.

Think a business loan for a start-up could be a good fit for you?


If you’re considering a start-up loan for your new business, get in touch with us today. One of our specialists will be able to advise you on how to get started with tailored advice for your business.

This is information, not financial advice or recommendations

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The information does not constitute financial advice or recommendation and should not be considered as such.

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