Government-backed Start-Up Loans

The Government-backed Start-Up Loans scheme offers unsecured loans of £500 to £25,000 to help you to start or grow your business.

With a fixed 6% interest rate and mentoring support, it’s a great funding option for new businesses.

Unlike a business loan, this is an unsecured personal loan - which means you’ll need to pass a credit check but no assets or guarantors are required.

There are other benefits...

You’ll get free support and guidance to help write your business plan, and successful applicants get up to 12 months of free mentoring.

Before you start, to apply for the loan all of the following must apply:

• you live in the UK

• you’re 18 or over

• you have (or plan to start) a UK-based business that’s been fully trading for less than 36 months

Find out more and apply here: https://www.gov.uk/apply-start-up-loan