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Start Up Loans
- Start or grow your own business
- Borrow up to £25,000
- Fixed interest rate of 6% per year
- Repay the loan over a term of 1-5 years
- 12 months of free mentoring
- Government-backed
Learn more about the loan
Am I eligible?
If you’re starting a new business or been trading less than 3 years, you’ve met the first criteria for securing funding. Check the other criteria to ensure you’re eligible before applying.
Learn more about our eligibility criteria
Loan calculator
Our loan repayment calculator is designed to help you work out what your total and monthly repayments for your Start Up Loan will be, based on the loan term and amount you choose.
Learn more about our loan calculator
Mentoring
We offer all of our first Start Up Loan recipients 12 months of free business mentoring. You also get support with writing business plans and cash flow forecasts and a range of useful templates and how-to guides.
Start up Loans at a Glance
Over 100,000 business ideas supported with more than £1 billion worth of loans.
We offer government-backed low-interest personal loans and free mentoring to help you start or grow a new business.
- Borrow up to £25,000 (The average loan amount is £7,200)
- Fixed interest rate of 6% per annum (per year)
- Repay the loan over a term of 1–5 years
- No fees for arranging the loan or paying it back early
Meet the latest Start Up Loan Ambassadors
Start Up Loans appoints 14 small businesses from across the UK as its new Ambassadors
Learn with Start Up Loans
Start Up Loans has partnered with The Open University to offer a range of free courses ideal for people who are going into business for the first time.
The courses provide rich information covering subjects such as:
- Entrepreneurship
- Career and Leadership
- Finance and Accounting
- Sustainability
- Project Management
Case Studies
Thousands of UK businesses have been backed with the help of a Start Up Loan.
Read below to find out about some of our case studies and how the support we offer, combined with small business funding, helped them turn their dreams into reality.
Start Up Loans
Melin Llynon
Restoration of Wales’ last working windmill sees sails turn again on Ynys Môn. Melin Llynon is restored to former glory following funding from Isle of Anglesey County Council and British Business Bank
Start Up Loans
BKW CrossFit
A group of four friends have joined forces to launch BKW CrossFit, a new community-based gym in East Bristol, with the help of a Start Up Loan from the British Business Bank.
Start Up Loans
Krapow Thai Restaurant
Phil enjoyed a 17-year career in the British Army. He met his Thai partner Chanisara seven years ago and that sparked their dream to open a restaurant together. Chanisara started serving her cuisine with a Thai food stall in the town’s central market and discovered that demand was high for her freshly made products.
Download our essential guide to starting a business
Inside, you'll find tips and guidance on:
- conducting market research on customers and competitors
- choosing a company structure
- figuring out your responsibilities around paying insurance and tax
- developing your business strategy and sales forecast
- writing your business plan analysing your strengths and weaknesses
Read the guide (Essential guide to starting a business)
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