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.
Opportunity Investment Fund
Loans for startups and existing businesses in or relocating to Tottenham.