Start Up Loan

A Start-Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.

In addition to finance, successful applicants receive 12 months of free mentoring and exclusive business offers to help them succeed. The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application. All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.

You can borrow £500 – £25,000 (The average loan amount is £7,200), a fixed interest rate of 6% p.a., 1 – 5 year loan repayment term, free application support, free post-loan support and mentoring, free templates & guides, no application or set-up fees

We will provide free templates and can personally help you create your Business Plan, Cash Flow Forecast, and Personal Survival Budget to submit with your application.  If approved, you will be paired with a mentor for 12-months of free mentoring.

Enterprise Northern Ireland is the official delivery partner of Start-Up Loans, delivered on behalf of British Business Bank.