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Start Up Loans For Businesses Under 3 Years Old

The government backed start up loans company has now extended its eligibility to include businesses who have been trading for less than 36 months.

Start Your Own Business has partnered with Transmit Startups to deliver the Start Up Loans scheme to UK entrepreneurs. Start Up Loans is a government backed scheme, providing repayable loans and mentoring to individuals in the UK with a viable business idea but no access to finance.

We will help you through the application process, including advice on creating a business plan and cashflow forecast. There are no fees charged for obtaining a Start Up Loan or any of the services associated with it.

Effective from 28th February 2022

First loans – applicants with a new or early-stage business trading for no more than 36 months (3 years) can apply (increased from 24 months).

Second loans – existing Start Up Loans borrowers with a business trading for no more than 60 months (5 years) can apply (increased from 24 months).

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