What is it?
A Government funded scheme to provide advice, loans and mentoring to start-up businesses and businesses that have been trading for under 24 months.
If you are aged 18+ years and are a UK resident for the duration of the loan then you may be eligible to apply.
Eligible applicants will be assigned a 'Delivery Partner' who through a business advisor will provide help in preparing a business plan and cash flow forecast. The business plan will then be considered.
Loans are personal loans given for business purposes. An average loan size is around £6,000, however amounts borrowed can be up to £25,000. Loans are set at an interest rate of 6% per annum for anything between 1 and 5 years.
For further information visit the Start Up website Start Up Loans website.