Compare Startup Business Loans
Choose a type of business loan to compare...
Nationwide Corporate Finance Start Up Loans
- Decision in only 2 hours - funds in 24 Hours
- No early settlement fees
- Appy in 30 seconds - free no obligation process
£20,000 p.a. (no minimum for new start ups)
£10,000 to £500,000
1 to 5 years
- Nationwide Corportate Finance are market leaders and have arranged £3 billion of finance over the past 50 years
- NCF is a UK business and are authorised by the FCA
- Business finance from £10k - £500k
- Applicant must be 18 or over
- NCF cannot offer finance to businesses located in Scotland, Northern or Republic of Ireland
- NCF will need the name(s), dates of birth and home address(es) for all the business owners
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
£500 to £25,000
1 year to 5 years
- 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
- Business is based in the UK
- Trading for under 24 months
- 18 years and over
Capital On Tap Start Up Loans
- 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
£1,000 to £50,000
1 month to 2 years
- 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.
- Limited Companies, Sole Traders, Partnerships and Limited Liability Partnerships all welcome to apply
- No Outsanding CCJs
- Minimum 12 months Trading History
Startup Business Loans FAQ
Start Up Loans are aimed at fledgling businesses looking to expand or new entrepreneurs launching new ventures. Before you apply for a start-up business loan ensure that you understand how they work and how best to choose a loan to suit your needs. Below you will find some of the most commonly asked questions about Start Up Loans - just click on a question heading for a straight-to-the-point answer.
What is a Start Up Loan?
Start Up Loans are government-backed personal loans that can be accessed by individuals looking to launch a business in the UK. Often, providers will need to assess your personal affordability levels and the viability of your business plan before awarding finance.
Typically, Start Up Loans are accessed by new business owners looking for finance to help them expand or emerging entrepreneurs who have a unique idea for a business but very little capital to help them get their concept off the ground. Government Start Up Loan recipients should also have access to 12 months of business mentoring when they receive their loan.
Start Up Loans are usually structured with monthly repayment schedules, based on terms that last between one, and five years.
Is a Start Up Loan a business grant?
No. Unfortunately, while a grant is a non-repayable fund that can be awarded to certain businesses by an organisation or group for a specific purpose, a Start Up Loan must be repaid in full over a pre-agreed term.
What are the interest rates?
Unlike most loans, wherein the interest rate can vary, Start Up Loans that are backed by the UK Government currently have a fixed interest rate of 6% per annum. The government also provides applicants with free guidance and support in completing their business plan.
How much can I borrow?
The amount that you are permitted to borrow will depend on specific circumstances, including your personal repayment opportunities, and your business plan. Each individual will be able to borrow somewhere between £500 and £25,000 if they are eligible for the Start Up Loan scheme.
However, if multiple business partners each apply for a loan in the same business, a maximum of £100,000 may be lent to that business in its lifetime.
If you are successful in applying for your Start Up Loan, once you have made six repayments, you may be eligible to apply for additional finance in the form of a second loan.
Can anyone apply for a Start Up Loan?
To successfully apply for a Start Up Loan, you will need to be:
- Not connected with any debt arrangement or debt management program
- Not currently involved with an outstanding Individual Voluntary Arrangement (IVA) or Trust Deed
- Not bankrupt or on a debt relief order
- The owner or co-owner of a UK-based business which has not been trading for over 2 years
- A UK resident
- Aged 18 or over
Start Up Loans are designed for use with brand new businesses, or to grow a young business that has been trading for under 24 months.
How many Start Up Loans can I apply for?
Individuals can only apply for a Start Up Loan for one business. This means that if you own numerous companies, you will only be able to get finance for one of them. However, if after you have successfully applied for a Start Up Loan you need further funding, you may be eligible to receive a second loan.
The second loan requires a new application process and you will need to have made at least six months of full repayments prior to the application.
Can I apply for a Start Up Loan with poor credit?
Poor credit can be a common problem for any individual in need of financial assistance. While your credit rating will only be one of the factors under consideration when applying for a Start Up Loan, the scheme is committed to responsible lending based on affordable repayments.
In some circumstances, your poor credit history could prevent you from accessing a Start Up Loan.
365 Business Finance Business Loans
Merchant cash advance provider offering unsecured finance to small and medium size businesses that accept credit/debit card payments.Read more
Alius Finance Business Loans
Business finance platform providing access to a wide range of commercial lenders via dedicated account managers.Read more
B2Bfinance.com Business Loans
B2Bfinance.com is a commercial finance brokerage, established in 2005, that covers a wide range of product types and lenders.Read more
Capital On Tap
Capital on Tap is a ‘revolving credit facility’ that can be utilised via a credit card, or a loan, or both.Read more
Esme Business Loans
Esme offer straightforward unsecured commercial loans available for general business purposes.Read more
Fleximize Business Loans
Flexible business loans with secured and unsecured borrowing options and dedicated support for customers.Read more
Funding Circle Business Loans
Commercial peer-to-peer platform that connect businesses in need of funding to willing investors.Read more
Funding Xchange Business Loans
Funding Xchange is a commercial finance broker that covers various types of business loan products for all sorts of commercial organisation.Read more
iwoca Business Loans
Flexible funding to help with business cash flow in the form of straightforward lines of credit.Read more
Liberis Business Cash Advance
Liberis is a merchant cash advance specialist providing funding to businesses that take debit and credit card payments.Read more
Lombard Business Loans
Asset finance specialist, now a subsidiary of RBS, that provides several funding solutions to businesses across various sectors.Read more
Nationwide Corporate Finance Business Loans
Specialist business broker that offers various types of commercial finance including secured start-up loans and equipment refinancing.Read more
NatWest Business Loans
Traditional high street bank offering a comprehensive range of commercial funding options to all kinds of UK business.Read more
Nucleus Business Loans
Launched in 2011, Nucleus Commercial Finance is a specialist business lender that offers a range of loan types from asset funding to property finance.Read more
Royal Bank of Scotland Business Loans
Traditional high street bank providing various commercial finance options available to all companies of all types and sizes.Read more
Selina Finance Business Loans
Flexible credit lines products, available for a number of commercial uses, secured against the borrower’s personal property.Read more
Spotcap Business Loans
Spotcap provides flexible credit line business loans with a simple application process and a quick decision.Read more
The Start Up Loans Company
A subsidiary of the British Business Bank, the Start Up Loans Company was created to provide funding for new businesses.Read more
THINK Business Loans
Commercial loans broker using a tech-based approach to match potential borrowers to a wide range of lenders.Read more
Together Business Loans
UK lender established in 1974 that provides various business finance options including commercial mortgages and bridging loans.Read more
Award-winning comparisons you can trust
It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.