Start Up Loan

Start Up Loans for ambitious founders

£11500
5year(s)
£
£

Government-backed funding and support for ambitious founders.

Start your application

The Start Up Loans scheme in numbers

125,000 +

Loans delivered to UK founders

£ 1.2bn+

Invested in new businesses

40 %

women-led businesses supported

20 %

ethnic minority-led businesses supported

What is a Start Up Loan?

A Start Up Loan gives ambitious founders access to government backed funding and expert support to help launch, grow and move their business forward.

Whether you're buying equipment, funding marketing, purchasing stock or building working capital, a Start Up Loan can help you take the next step with confidence.

As an official delivery partner of the British Business Bank's Start Up Loans programme, we've been supporting founders since it launched in 2012.

Not ready to apply? Talk to us
Start Up Loan £500 - £25k

For businesses starting out or trading up to 5 years


  • Up to £25,000 per founder
  • 7.5% fixed interest over 1–5 years
  • No setup or early repayment fees
  • No security or guarantors required
  • 12 months free mentoring
  • Funds available in 3–8 weeks
Start your application

Why founders choose a Start Up Loan

Start Up Loan Banks
Trading history
Pre start to 5 years
Trading history
Requires trading history
Funding
Up to £25k per founder
Funding
Often harder for new businesses
Personal Advisor
Included
Personal Advisor
No
Mentoring
Included
Mentoring
Rare
Security
No guarantors required
Security
May require secutiry
Interest rate
7.5% fixed
Interest rate
Rates vary

Why choose a Start Up Loan from BEF

Dedicated adviser support

You'll have one to one support throughout your application.

Put your best application forward

We'll help you strengthen your business plan and financial forecasts before assessment.

Fair, transparent finance

Fixed interest, no setup fees and no early repayment charges.

Start Up Loans since 2012

We've supported founders through the scheme since it launched.

Ready to take the next step?

Start your application

Start with confidence

You don't need a perfect business plan to get started. Most successful applicants begin with a clear idea, a funding requirement and a plan for how the business will move forward.

Start your application
Most successful applicants start with:
You don't need:

Real reviews from founders like you

Every business starts somewhere. See how funding and support from BEF helped founders launch, grow and move their business forward.

    5 out of 5 stars

    "The whole experience so far with BEF has been exceptional. Sanni has been mega helpful in explaining what we need to get done to pass us onto the next stage. This is a huge thing for me and both Sanni and Amber have been so patient! Thank you so much, fingers crossed for the next stage"

    Review by Laura Armytage
    Laura Armytage
    Google
    5 out of 5 stars

    "Sanni has been brilliant with communicating with me helping me progress with my application. Thanks Sanni"

    Review by Kayleigh Little
    Kayleigh Little
    Google
    5 out of 5 stars

    "Sanni has been very helpful, friendly and quick to respond with all the queries throughout the process, and has followed up to ensure that deadlines were met when we were delayed in providing information."

    Review by Andy Priestley
    Andy Priestley
    Google
    5 out of 5 stars

    "Julie was super helpful with supporting us with a startup loan for our business."

    Review by Joe Murray
    Joe Murray
    Google
    5 out of 5 stars

    "Habib has been a great help, he helped my partner secure a loan for a business start up 3 years ago and now he has helped me. Always proffesional and more than happy to help."

    Review by Daniel Paryazani
    Daniel Paryazani
    Google
    5 out of 5 stars

    "Sanni has been absolutely brilliant throughout my Start Up Loans application. The support, guidance and communication have been excellent from start to finish. She has been patient, approachable and always willing to help with any questions or concerns, making what can be a stressful process feel much more manageable. I genuinely appreciate the time and effort Sanni put into helping me progress my application and keeping things moving as quickly as possible. I would highly recommend her support to anyone going through the Start Up Loans process. Thank you again for all your help."

    Review by Brad Jay
    Brad Jay
    Google
    5 out of 5 stars

    "Worked with Julie and she made the whole process of applying for a Start Up Loan incredibly easy, what I imagined would be a headache was pretty straightforward thanks to her help! I would definitely recommend working with Befund, they're a great bunch of people who are genuinely invested in helping you."

    Review by Abby Cook
    Abby Cook
    Google
    5 out of 5 stars

    "I applied for the a start-up loan through BEF and work with Sanni Tait & Jane Cusse, who were brilliant throughout. They were efficient, supportive and extremely helpful all the way through the process. I wouldn't hesitate to recommend BEF to anyone who is looking to secure funding, especially if they are lucky enough to deal with Sanni & Jane."

    Review by Danny Harrison
    Danny Harrison
    Google
    5 out of 5 stars

    "Business funding done on a personal level. Excellent service from Christian and the whole team. Thank you!"

    Review by Bethany Hardwick
    Bethany Hardwick
    Google
    5 out of 5 stars

    "Rowan was nothing short of phenomenal throughout this whole experience. With the expansion of my gym to a larger premises, I knew we would need funding to create the space I wanted. From the very beginning, Rowan did everything she could to support. It is a long-winded process at the beginning, but anything I was unsure of or did wrong, Rowan corrected and kept me on track. We successfully received the full 20k we applied for, and it has transformed the business and helped us grow amazingly! couldn't recommend more!"

    Review by Josh Hall
    Josh Hall
    Google
    5 out of 5 stars

    "Julie made what I expected to be a complicated process, straightforward and simple. Her friendly approach and open and honest communication at every stage, made the whole experience a pleasure. Thanks for your support!"

    Review by Chris Hughes
    Chris Hughes
    Google
    5 out of 5 stars

    "Julie Micklethwaite has been amazing. She helped me access business start-up funding and made the whole process so much easier than I expected. She’s really supportive, easy to talk to, and explains everything clearly without making it feel complicated. I’m so grateful for her help and would definitely recommend her to anyone starting a business. Thank you Julie!"

    Review by Jenny Sharpe
    Jenny Sharpe
    Google
    5 out of 5 stars

    "Shannon Doherty kindly held my hand at each stage. Provided concise and easy to understand guidance to make the process as smooth as possible. Cannot fault the service provided"

    Review by Iain Plant
    Iain Plant
    Google
    5 out of 5 stars

    "Takes time when you not organised ;) Everything went smoothly from start to finish. Our admin team and business manager Habib were incredibly helpful offering plenty of advice and support. The initial paperwork is quite extensive but if you organise yourself and have your business plan in place it all works out. Thank you so much! Our journey begins now. :)"

    Review by Malgorzata Kosztowna
    Malgorzata Kosztowna
    Google
    5 out of 5 stars

    "I applied for a Government Start Up Loan Habib Karimi at the Business Enterprise Fund (BEF) supported me to submit my application. Explaining everything simply and making the process run efficiently. He was professional and supportive. Fantastic experience and I received the funds quickly. He ensured he checked all the details and that I was lending an amount my business could afford. Highly recommend Thanks Laura from Organise Your Life With Laura"

    Review by Laura Royston
    Laura Royston
    Google
    5 out of 5 stars

    "Habib Karimi at the Business Enterprise Fund (BEF) has been absolutely fantastic to work with. He was efficient, professional, and guided me smoothly through the whole process, making everything straightforward and stress-free. The support we received has made a huge difference to our business development. We’re really happy with the service provided through BEF and very grateful for Habib’s support – highly recommended!"

    Review by Tirhak Melka
    Tirhak Melka
    Google
    5 out of 5 stars

    "Julie Micklethwaite at the Business Enterprise Fund (BEF) has been absolutely fantastic to work with. She has now successfully secured two invaluable start-up loans for my business, and the difference this extra cash flow has made to our development is huge. Julie was efficient, professional, and guided me smoothly through the whole process, making everything straightforward and stress-free. We’re really happy with the service she provided through BEF and very grateful for her support – highly recommended!"

    Review by Daniel Harvey
    Daniel Harvey
    Google

    What happens next

    1. Get started

    Complete the form below. There's no credit check at this stage.

    2. Meet your adviser

    You'll have one to one support from a dedicated BEF adviser throughout your application.

    3. Prepare for assessment

    We'll help refine your business plan and financial forecasts before they're submitted for assessment.

    4. Receive your funding

    Once approved, your loan is paid into your bank account and you'll receive 12 months of mentoring.

    If you're clear on your business idea and funding needs, we'll help with the rest.

    I'm ready to get started

    Questions founders ask before they apply

    Key things you need to know to apply with confidence. If you don’t see your answer here, our team’s just a message away.

    Go to the application form
    Do I need a business plan before I apply?
    What documents will I need?
    How long does the application process take?
    What happens after I submit the form below?
    Can I apply if I have a poor credit history?
    How much can I borrow?
    What if I need more than £25,000?

    Ready to get started?

    You'll have support from a dedicated BEF adviser throughout your application, helping you put your strongest application forward.

    Complete this quick form. There's no credit check at this stage. We'll then redirect you to the British Business Bank's secure site to continue your application.

    Consent 
    Stay updated

    Loan example (representative APR)

    7.78% APR* Representative example based on a loan of £10,000 repayable over 60 months at an interest rate of 7.5% AIR** per annum (fixed). 60 Monthly repayments of £200.45, total amount payable £12,027.00.

     *Annual Percentage Rate (APR) is the total cost of the credit expressed as an annual percentage. It represents the actual yearly cost of credit over the loan term.

     **Annual Interest Rate (AIR) is the rate of interest on a loan with the rate compounded on a monthly basis.

    These calculations are only for illustrative purposes and are not a substitute for professional advice.

    Your actual loan terms may vary depending on your circumstances.

    If you're not eligible for a Start Up Loan, we may be able to offer an alternative loan. Rates and terms will vary. Further information, and terms and conditions are available on request.

    Important legal information

    The Start Up Loans Company is a wholly owned subsidiary of British Business Bank plc. It is a company limited by guarantee, registered in England and Wales, registration number 08117656, registered office at 71-75 Shelton Street, Covent Garden, London, England, WC2H 9JQ.

    British Business Bank plc is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).

    A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.