Start Up Loans is a government-backed personal loan designed for individuals who want to start or expand a business in the UK. With loan amounts ranging from £500 to £25,000 and a fixed interest rate of 6% per annum, Start Up Loans offers a flexible and affordable financing option. In addition to the loan, successful applicants receive 12 months of free mentoring and exclusive business offers to support their growth and success.

The loan is unsecured, meaning there's no need for collateral or guarantors. Each owner or partner in a business can individually apply for up to £25,000, with a maximum of £100,000 available per business. Start Up Loans provides free application support, post-loan support and mentoring, as well as templates and guides to help you develop your business plan, cash flow forecast, and personal survival budget.

To ensure responsible lending, Start Up Loans assesses credit worthiness, personal affordability, and business viability during the application process. There are no application or set-up fees, and the loan term can be chosen between one to five years. Start Up Loans can be used for a wide range of business expenses, such as equipment, stock, premises, and marketing.

For individuals looking to turn their business dreams into reality, Start Up Loans offers the necessary financial support and guidance to help them succeed