Start Up Loans
A Start Up Loan is a government-backed unsecured loan for business purposes.
Start Up Loans of between £500 and £25,000 are available to startups and new businesses trading for less than two 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.
Repayment terms range from one to five years, and there are no application or early repayment fees.
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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The Prince’s Trust Enterprise Programme
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The Prince's Trust Enterprise Programme provides free start-up support to young people.
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Samuel Wilson’s Loan Trust
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Samuel Wilson's Loan Trust provides business loans to people under the age of 40.
