Before you apply for a Momentum Loan
This will take around a minute and won't affect your credit score. Before continuing, let's make sure you're applying for the funding option that's most suitable for your business.
Check you're applying for the right loan
| Momentum Loan | Start Up Loan | |
|---|---|---|
| Loan amount |
Loan amount
£25,000 to £250,000
|
Loan amount
£500 to £25,000
|
| Business age |
Business age
Any business, particularly those trading for more than 5 years
|
Business age
Up to 5 years trading
|
| Typical use |
Typical use
Growth, working capital and refinancing
|
Typical use
Starting and growing a business
|
Before you continue
Momentum Loans are designed for businesses seeking larger funding solutions to support growth, working capital or refinancing.
Before continuing, make sure the following statements apply to your business:
- I need at least £25,000 in funding.
- My business has been trading for more than 5 years.
- I'm looking to fund growth, working capital or refinancing.
If one or more of these statements don't apply, a Start Up Loan may be a more suitable option for your business.
See if a Start Up Loan is a better fit.
What happens next?
The next step is to tell us about your business and funding requirements.