The Start Up Loans Company
Compare The Start Up Loans Company
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![The Start Up Loans Company logo]()
The Start Up Loans Company
- Interest rate of fixed 6% per annum
- Receive business mentoring and support after drawing down your loan
- No application fees or early repayment fees
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Minimum Turnover
No minimum
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Available Amounts
£500 to £25,000
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Available Terms
1 year to 5 years
Company details
- Start Up Loans is a Not-For-Profit Company offering a finance and mentoring solution to start and grow a business
- Start Up Loans have helped over 40,000 businesses get started in the UK
- Free application support
- Free post-loan business mentoring
Eligibility criteria
- Business is based in the UK
- Trading for under 24 months
- 18 years and over
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BrokerTHINK Business Loans
- THINK's funding platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)
- THINK are the UK's leading business lending specialists; their experts are on hand to guide you through the process
- Find the perfect loan in minutes - Make the lender work for you
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Minimum Turnover
£50,000 p.a.
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Available Amounts
£25,000 to £10,000,000
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Available Terms
1 month to 30 years
Company details
Eligibility criteria
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![Funding Xchange logo]()
BrokerFunding Xchange
- Funding Xchange’s platform matches your eligibility against 45+ lenders instantly, with no broker fee
- Apply in 3 minutes and you could get funded in a few hours
- Never pay more than direct and the search won’t affect your credit rating
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Minimum Turnover
£50,000 p.a.
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Available Amounts
£1,000 to £5,000,000
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Available Terms
1 month to 25 years
Company details
- Funding Xchange’s platform matches your eligibility against 45+ lenders instantly, with no broker fee
- Apply in 3 minutes and you could get funded in a few hours
- Never pay more than direct and the search won’t affect your credit rating
Eligibility criteria
- Funding Xchange’s platform matches your eligibility against 45+ lenders instantly, with no broker fee
- Apply in 3 minutes and you could get funded in a few hours
- Never pay more than direct and the search won’t affect your credit rating
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![Funding Circle logo]()
Peer To PeerFunding Circle
- Simple online form and dedicated Account Manager
- No fees for full early repayment
- Not currently part of Coronavirus Business Interruption Loan Scheme
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Minimum Turnover
£50,000 p.a.
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Available Amounts
£10,000 to £250,000
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Available Terms
6 months to 5 years
Company details
- Simple online form and dedicated Account Manager
- No fees for full early repayment
- Not currently part of Coronavirus Business Interruption Loan Scheme
Eligibility criteria
- Simple online form and dedicated Account Manager
- No fees for full early repayment
- Not currently part of Coronavirus Business Interruption Loan Scheme
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![Esme logo]()
Esme
- Hassle-free, paperless application takes just 10 minutes
- Funds are sent within the hour if approved and you can receive faster payments
- Unsecured business loans up to £250k with no set up fees or early repayment charges
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Minimum Turnover
£15,000 p.a.
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Available Amounts
£10,000 to £250,000
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Available Terms
1 to 5 years
Company details
- Hassle-free, paperless application takes just 10 minutes
- Funds are sent within the hour if approved and you can receive faster payments
- Unsecured business loans up to £250k with no set up fees or early repayment charges
Eligibility criteria
- Limited Companies Only. Applicants must be a Director of the Business, over 18 and be able to provide a personal guarantee.
- Must be actively trading for at least 18 months with a current turnover of at least £15,000.
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![Capital on Tap logo]()
Capital on Tap
- Capital on Tap are a Revolving Credit Facility you can utilise through either a credit card, a loan or both
- Credit limits up to £50,000 with no monthly or annual fees
- 0% Interest on all card purchases, when balance cleared in full each month
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Minimum Turnover
£24,000 p.a.
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Available Amounts
£1,000 to £50,000
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Available Terms
1 month to 2 years
Company details
- Capital on Tap specialises in supporting the UK's SMEs and Self Employed Merchants with credit through their card and loan facilities.
- Within 1 minute of application they can offer Credit limits of up to £50,000 with rates as low as 9.9%.
- Since 2012, Capital on tap has provided more than £1billion to over 60,000 UK businesses.
Eligibility criteria
- Limited Companies, Sole Traders, Partnerships and Limited Liability Partnerships all welcome to apply
- No Outsanding CCJs
- Minimum 12 months Trading History
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![Liberis logo]()
Liberis
- Competitive pricing tailored to your business
- Approval in as little as 5 mins, and funds can be yours within hours
- 9 out of 10 customers would recommend Liberis
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Minimum Turnover
£2,500+ card transactions per month
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Available Amounts
£2,500 to £300,000
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Available Terms
4 to 12 months
Company details
- Approval in as little as 5 mins, and funds can be yours within hours!
- Competitive pricing tailored to your business. No APR or hidden fees.
- 9 out of 10 customers would recommend Liberis
Eligibility criteria
- Trading for 4+ months
- Average £625+ a week in card payments
Award-winning comparisons you can trust
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Start Up Loans Company FAQ
Who is Start Up Loans?
The Start Up Loans Company was established in September 2012 and offers new and early stage UK businesses access to finance products and mentoring support. A subsidiary of the British Business Bank, the Start Up Loans Company delivers the Government’s Start Up Loans programme to provide finance and support for businesses that struggle to access other forms of finance.
What services and products does Start Up Loans offer?
Start Up Loans offers a range of loans for borrowers as well as help for applicants to prepare their business plan and cash flow forecasts.
What is a loan from the Start Up Loans Company?
A loan from the Start Up Loan Company is not a grant. It is a loan that must be repaid in full over an agreed term.
What type of finance is provided under the Start Up Loans scheme?
Finance is provided as a personal loan that is regulated under the Consumer Credit Act 1974. All loans are therefore taken out in the name of an individual rather than a company or venture. The loan is repayable on a monthly basis for the duration of the term of the loan.
Is a loan from Start Up Loans a personal loan or a business loan?
Start Up Loans are structured as personal loans rather than business loans. By making individuals accountable for their loan repayments the individual rather than the business is held accountable to the agreement terms.
What documents are required during the application process?
All individuals are required to submit a business plan, cash flow forecast and personal ‘survival budget’ as part of their application.
How much can I borrow with a loan from Start Up Loans?
This varies depending on a variety of factors, such as your credit record and financial outgoings. Several business partners may be able to each make their own application, increasing the total amount borrowed for one business.
What are the available loan terms and interest rates?
Loan terms and rates vary depending on affordability and preference, as well as other criteria.
How do I apply for a Start Up Loans loan?
To apply for a Start Up Loans loan, use the links above to navigate to the company’s website. You will then be able to register for a loan by filling in an eligibility test. After you fill in the relevant fields in the online questionnaire your details will be placed on the company’s system and you will receive feedback from them once everything has been processed.
Services offered by this provider may change over time. Always check Ts&Cs.
