Open government-backed loan
Start Up Loans
Government-backed personal loans to help you start or grow a business. Fixed interest rate of 7.5%, with free mentoring for 12 months after drawdown. Each individual can borrow up to £25,000, with up to £100,000 available per business. Repayment terms of 1–5 years. No early repayment fees.
Published opportunity
- Funding
- Up to £25,000 per person (£100,000 per business)
- Location
- United Kingdom
- Deadline
- No fixed deadline published
- Provider
- British Business Bank
Published criteria
Who this opportunity is for.
- Who can apply
- UK residents aged 18+, starting a new business or trading for up to 60 months. Must be unable to secure finance from other sources. Sole traders, partnerships, limited companies, and social enterprises eligible. Business must be UK-based. Applicant must pass credit and affordability checks.
- Funding organisation
- British Business Bank / Start Up Loans Company
- Location
- United Kingdom
- Requirement
- Aged 18+. UK resident with right to work. Business trading up to 60 months (from April 2026). Unable to secure finance elsewhere (self-declaration). UK-based business. Eligible business type and loan purpose. Must pass credit and affordability checks. FCA-regulated businesses, gambling, and some other sectors excluded.