Start Up Loans
British Business Bank
When you’re trying to start a business, finance can be the key to getting your idea off the ground. However, it can be difficult to find, with lenders sometimes reluctant to serve riskier, early-stage ventures. For those without personal savings or contributions from friends, families or associates to draw on, the result is at best a slow and unsteady start, and at worst no start at all.
That’s why the British Business Bank, through its partner the Start Up Loan company is funding loans of up to £25,000 – available to entrepreneurs, in addition to mentoring and advice, to ensure budding businesses get the best start in life.
If you’re eligible, and would like to find out more, you can register through the online application form. Once you have registered, one of the Delivery Partners that delivers the Start Up Loans programme in your area will be in touch to get the process started.
From workshops to advisors, Deliver Partners will help you work on your business plan and cash flow forecast, which will form the basis of your application. When you are ready to apply for a Start Up Loan, your application will be assessed.
Every individual that receives funding from the Start Up Loans scheme will be offered access to a mentor, who is on hand to offer free support and advice with your business queries. Mentors are provided through your Delivery Partner either in the form of a staff member or volunteer.
You can also benefit from exclusive offers through Corporate Partners, including low cost website design, free accounting software and free legal advice.
If you have a great business idea, or have been trading for less than 24 months and are over 18 years old, you can access Start Up Loans.
Funded uniquely by the British Business Bank, Start Up Loans is a national scheme to provide advice, loans and mentoring to startup businesses. Applicants can apply via the Startup Loan company or one of their delivery partners.
Go to the British Business Bank website to complete an on-line application.
Free of charge (interest fees will apply to the loans).