Email: Tel: 0208 6919 139 Fax- 0203 890 4465
REACH US ATOne Elmfield Park, Bromley, Kent, BR1 1LU
HOTLINE NUMBER0800 368 7619

Registering for a Start Up Loan

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Loan Amounts

You can borrow between £500 and £25,000 per applicant. This range provides flexibility, allowing you to obtain just the right amount of funding you need to get your business off the ground.

Eligibility Criteria

Before you apply for a loan, it’s essential to ensure you meet the basic eligibility criteria:

  • Age: Applicants must be at least 18 years old.
  • Credit Rating: A good credit score is typically required.
  • Business Plan: A well-detailed business plan can significantly improve your chances of approval.
  • Income Proof: Proof of income or financial stability may be required.

Application Process

The application process is straightforward and user-friendly:

  1. Eligibility Check: Start with a free eligibility check to determine if you qualify for the loan.
  2. Application Support: Benefit from free application support to help you submit a comprehensive and accurate application.
  3. Approval & Disbursement: Once approved, the funds will be disbursed to your account promptly.

Interest Rates

The loan comes with a 6.0% fixed interest rate, providing you with the certainty of knowing your monthly repayments won’t change over time.

Loan Calculator

Using a loan calculator can help you understand your monthly payments and total repayment amount. Here’s an example to illustrate:

Loan Amount Repayment PeriodMonthly PaymentTotal Repayment: £28,999.20

This tool is crucial for budgeting and planning your finances effectively.

Representative Example

To give you a clearer picture, here’s a representative example:

6.02% APR Representative based on a loan of £10,000 repayable over 60 months at an interest rate of 6.0% per annum (fixed). This results in 60 monthly repayments of £193.47, with a total amount payable of £11,608.20.

Note: This is only an example. Your actual rate will vary based on your circumstances.

Borrowing money for your business start-up can be a game-changer. With competitive interest rates, flexible loan amounts, and comprehensive support, you can secure the funding you need to bring your business vision to life.