Start-Up Loans for UK Startups

About

The Start-Up Loans program, managed by the British Business Bank, offers government-backed loans of up to £25,000 to entrepreneurs and small businesses in the UK, providing essential funding and free business mentoring to enhance the chances of startup success. This initiative is designed to support new ventures with low-interest loans and a simplified application process, making it an attractive option for those looking to launch or grow their businesses in various industries.

Benefits

• Government-backed low-interest loans up to £25,000
• Free business advice and mentoring support
• Improved regulatory environment for small businesses
• Lower application barriers for new companies and sole traders

Eligibility Criteria

• Must be based in the UK
• Applicable to entrepreneurs and small businesses including sole traders and registered companies
• Formal business plan required