Are you an enthusiastic entrepreneur looking to make your dreams come true and start your business? Are you looking for finance and support to help develop your business?
If you answered yes, then a start-up loan could be the right option for you:
- Interest rate of 6%
- 1-5 years repayment term
- Mentor support
- No early repayment fees
Start Up application checklist:
- Are over the age of 18
- Are based in the UK
- Want to set up or grow your own business (must be trading for less than 24 months)
- Can’t access finance and looking for an affordable loan to get you started
- Need business support and mentoring to help you on your journey
A Start Up Loan is a loan not a grant – for more information about the difference between loans and grants, click here.
When you apply for a loan, your application will be assessed individually based on the information you provide, a credit check obtained from a Credit Reference Agency and our internal credit policy. As a responsible lender, we are committed to ensuring any loan offer made is affordable. Your credit history will therefore be considered and your existing financial position taken into account. When an application is declined we will inform you why your application could not be approved.
Annual Interest Rate (fixed) of 6% p.a, with a representative 6.18% APR based on borrowing £9,500 and repaying over 60 months with 60 monthly repayments of £183.67 with a total amount repayable of £11,020.20