Start Up Loans
A Start Up Loan is a government-backed unsecured loan for business purposes.
Start Up Loans of up to £25,000 are available to startups and new businesses trading for up to three years. All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
Eligible businesses that have been trading for between three and five years and previously received a Start Up Loan can also apply for a second loan to support their expansion.
Start Up Loans provides funding at a fixed interest rate of 6%.
Applicants can also access free business plan, cash flow and budget templates to submit with their application. If approved, applicants benefit from 12 months of free mentoring support.
Related Resources
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Opportunity Investment Fund
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Loans for startups and existing businesses in or relocating to Tottenham.
