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 Amounts
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Available Terms
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- Lombard is one of the UK's oldest and largest asset finance partner
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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
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Eligibility criteria
- Your business must have been trading for at least 6 months
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- Your business must take at least £5,000 per month in card transactions.
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Selina Finance Business Loans
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Minimum Turnover
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Available Amounts
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Available Terms
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Together Secured Business Loans
- Lending for over 40 years
- Award winning specialist lender
- Offering short-term finance, auction finance, personal, commercial and buy-to-let mortgages
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Minimum Turnover
No minimum
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Available Amounts
£25,000 to £5,000,000
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Available Terms
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- Lending for over 40 years
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Eligibility criteria
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- 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.
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Eligibility criteria
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- 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
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Fleximize
- Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
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- 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
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Eligibility criteria
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Nucleus
- Fast service - receive your funding in 24 hours
- Unsecured and secured business loans
- 7 products tailored to your business
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Minimum Turnover
£5,000
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Available Amounts
£3,000 to £50,000,000
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Available Terms
3 months to 8 years
Company details
- Fast service - receive your funding in 24 hours
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- 7 products tailored to your business
Eligibility criteria
- Fast service - receive your funding in 24 hours
- Unsecured and secured business loans
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Spotcap
- Fully unsecured business loan - no personal guarantee needed
- Apply online in 15 mins, decision in one working day
- No withdrawal fee. No early repayment fee
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Minimum Turnover
£500,000 p.a.
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Available Amounts
£50,000 to £350,000
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Available Terms
1 month to 2 years
Company details
Eligibility criteria
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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.
