The British Business Bank’s Start Up Loans programme announced it has passed a major milestone of £150 million worth of loans delivered in the Midlands region. Over 6,000 loans to entrepreneurs within the East Midlands have been provided.
A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow their UK business.
Loans are unsecured, so no assets or guarantors to support an application need be put forward.
All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
In addition to finance, your business gains the following benefits if successful in obtaining a start up loan.
These include:
* 12 months of free mentoring and exclusive business offers to help successful delivery.
* Free templates & guides.
* All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
* Access to online support services, to access a wealth of business knowledge at any time of the day or night.
* Exclusive business offers to help them succeed.
* A range of courses designed to help entrepreneurs succeed in business. This is through a partnership of Start Up Loans and The Open University.
How do I apply?
This application process focuses on giving you the support needed to succeed, keeping you informed and in control at every stage.
Step 1 – Check eligibility & register
Step 2 – Complete an application form
Step 3 – Finalise business documents
Apply here
The Start-Up Loans Company is a wholly owned subsidiary of British Business Bank plc. It is a company limited by guarantee, registered in England and Wales, registration number 08117656. Registered office at Steel City House, West Street, Sheffield, S1 2GQ. British Business Bank plc is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found at british-business-bank.co.uk.
