Startup Business Loan in UK

A startup loan is a government-backed personal loan for individuals starting or growing a business. Unlike a business loan, it is unsecured and does not require collateral but you will need to pass a credit check. 

Key features of a startup loan

• Loan amount: Between £500 and £25,000 per partner, not exceeding £100,000 per business 
• Interest rate: Fixed at 6% per annum 
• Repayment period: 1 to 5 years 
• No early repayment fees 
• Free mentoring for the first 12 months

Eligibility criteria
To qualify for a startup loan, you must meet all the following requirements: 

• Reside in the UK 
• Be at least 18 years old 
• Plan to start a new business or have a business that is less than 36 months old 
• Business must be UK registered Company or / and registered in UK for tax purposes. 
• You must be living in UK at the time of your application and for the duration of your loan 
   

Application for startup loan 
These loans are typically provided by the British Business Bank via Start Up Loans and its delivery partners. 

Get support 
Securing funding while managing tax and accounting can be complex. Apex Global Consulting Services helps start-ups with financial planning, cash flow management, and tax efficiency. Get in touch to streamline your loan application and receive expert financial guidance for business growth.