What you need to know...
- Start Up Loans are available to businesses yet to launch or those that have been trading for up to 24 months
- The scheme funds businesses in every sector
- Loans can be between £500 and £25,000 with a repayment term of one to five years at 6.19% APR
- All loan recipients are given access to a mentor and exclusive business offers
To be eligible you must...
- Be 18 or over
- Have a business idea or have recently started a business
- Have the right to live and work in the UK
- Be able to provide proof of your identity
- Not be an undischarged bankrupt, or in the process of undergoing an IVA