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Startup Britain - Start-up Loans

Startup Loans is government funded scheme to provide advice, business loans and mentoring to startup businesses, backed by the British Business Bank.

 

  • Start Up Loans of up to £25,000 now available to start-ups that have been trading for up to 3 years, up from 2 years
  • new 'second loans' available for businesses that have been trading for up to 5 years

Start Up Loans provide a fixed interest rate of 6%, as well as mentoring, support and funding to aspiring business owners across the UK, providing support to those who might find it difficult to secure loans from traditional lenders.

A new second loan will be available to businesses operating for up to 5 years, providing eligible businesses between 3 and 5 years old government-backed finance to support their expansion.

Further information on government scheme

Last modified on 15 September 2024

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