A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK. You borrow £500 to £25,000 over 1–5 years at a fixed rate of 6% per annum.
The scheme lends to applicants who are 18 years or older at the time of application. Individuals can receive one loan per business. Up to four directors or partners can apply for a Start Up Loan with a maximum of £100,000 available per business.
Start Up Loans, administered by the British Business Bank, is a government backed scheme, providing low-interest repayable loans and free business support.
Business Enterprise Fund is a national delivery partner for the Start Up Loans scheme.
Finance available for up to 100% of the funding need. Repayments on all our loans are unaffected by interest rate changes.
Impersonal letters and automated telephone services are not our style, all clients are connected with a member of our team.
Each client is recognised as an individual and their business is assessed in the same way.
Loans available to all sectors that are designed to meet the needs of each client.
Interest-only periods available by negotiation.
Please complete your application on the Start Up Loans website
Following a quick eligibility check, you will be asked to register your personal details, complete a credit check, and submit your business information and supporting documents. Once completed, one of our Investment Managers will review your application.
Need help with your application? Contact our Investment Management teamApply Now
“We were put in touch with Julie from BEF. She was absolutely brilliant and gave us all the help and advice we needed”
“The shop needed a lot of work to complete it so I used my own savings to get it just right. I then used BEF’s funding to help fill it with stock.”
“We'd like to say a huge thank you for all the support we've received from everyone involved in maketing Spark:York happen.”