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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Available Terms
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Minimum Turnover
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Available Amounts
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![Capital on Tap logo]()
Capital on Tap
- This is a business MasterCard
- 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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£24,000 p.a.
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Available Amounts
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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
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Available Terms
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Available Amounts
£1,000 to £10,000,000
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Available Terms
1 to 25 years
Company details
- NatWest provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
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Eligibility criteria
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Royal Bank of Scotland Business Loans
- Royal Bank of Scotland provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
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-
Minimum Turnover
No minimum
-
Available Amounts
£1,000 to £10,000,000
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Available Terms
1 to 25 years
Company details
- Royal Bank of Scotland provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
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Eligibility criteria
- Royal Bank of Scotland provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
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365 Business Finance
- A flexible business funding alternative
- Cash advanced against card transactions
- Pay back an affordable % of your card transactions
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Minimum Turnover
£5,000+ card transactions per month
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Available Amounts
£5,000 to £200,000
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Available Terms
4 to 18 months
Company details
- Get between £5,000 and £200,000
- Pay back through your customer card transactions
- A single all inclusive charge that never changes
- No interest, APRs or hidden extras
Eligibility criteria
- Your business must have been trading for at least 6 months
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![Fleximize logo]()
Fleximize
- Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
- Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
- Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
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Minimum Turnover
£60,000 p.a.
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Available Amounts
£5,000 to £500,000
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Available Terms
1 month to 4 years
Company details
- Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
- Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
- Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
Eligibility criteria
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Esme Business Loans
- Simple, fast & fair business loans from Esme Loans
- Hassle-free, paperless application takes just 10 minutes
- Funds are sent within the hour if approved and you can receive faster payments
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Minimum Turnover
£15,000 p.a.
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Available Amounts
£10,000 to £150,000
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Available Terms
1 to 5 years
Company details
- Simple, fast & fair business loans from Esme Loans
- Hassle-free, paperless application takes just 10 minutes
- Funds are sent within the hour if approved and you can receive faster payments
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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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.
