Loan

Loan

Europe

Europe

OPEN

OPEN

GRANT · HOW TO WIN THIS

Start Up Loans Scheme

Start Up Loans Scheme

£500–£25,000 (average £10,264); repaid over 1–5 years at a fixed 7.5% annual rate.

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Rolling applications — apply at any time.

AMOUNT

£500–£25,000 (average £10,264); repaid over 1–5 years at a fixed 7.5% annual rate.

AMOUNT

£500–£25,000 (average £10,264); repaid over 1–5 years at a fixed 7.5% annual rate.

DEADLINE

Rolling applications — apply at any time.

DEADLINE

Rolling applications — apply at any time.

FUNDING TYPE

Loan

CAN YOU GET THIS?

You qualify if you're starting a new business or have been trading for less than 60 months in the UK.

You qualify if you're starting a new business or have been trading for less than 60 months in the UK.

This is a personal loan for business use, so you must be 18 or over and based in the UK. Finance is subject to status, meaning your personal financial situation will be assessed.

This is a personal loan for business use, so you must be 18 or over and based in the UK. Finance is subject to status, meaning your personal financial situation will be assessed.

YOUR REAL ODDS

Over 100,000 businesses have been funded with more than £1 billion lent, suggesting a relatively accessible scheme.

Applications are assessed individually against eligibility and creditworthiness criteria rather than through a competitive selection process, so your odds depend more on your application quality than on beating other candidates.

WHAT IT TAKES

  1. Check eligibility and use the loan calculator — 30–60 minutes

  2. Prepare required documents (ID, proof of address, bank statements, visa if applicable) and write a business plan and cash flow forecast — Several days to 1–2 weeks

  3. Submit application online — 1–2 hours

WORTH KNOWING

Free 12-month mentoring and support writing your business plan and cash flow forecast come with the loan — using this support during the application process can strengthen your submission.

This is 1 of 1,600+ open opportunities.

This is 1 of 1,600+ open opportunities.

$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.

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