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Start Up Loans Company
A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK. The Start Up Loans Company is part of the British Business Bank.
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.
The interest rate on Start Up Loans is changing
From 6th April 2026, the Start Up Loans fixed interest rate for new applications is changing to 7.5%. Eligibility criteria for a first Start Up Loan is being extended to businesses that have been trading for up to 60 months.
Start Up Loan features:
- Start or grow your own business
- Borrow up to £25,000
- Fixed interest rate of 7.5% per year
- Repay the loan over a term of 1-5 years
- 12 months of free mentoring
- Government-backed
