Start Up Loans
British Business Bank PLC
A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.
In addition to finance, successful applicants receive 12 months of free mentoring and exclusive business offers to help them succeed. The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application.
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.
- Borrow from £500 to £25,000 (the average loan amount is £9,295)
- Fixed interest rate of 7.5% p.a.
- One to five-year loan repayment term
- Free application support
- Free post-loan support and mentoring
- Free templates and guides
- No application or set-up fees.
Please note, as of April 6 2026 the interest rate applicable to new applications will increase to 7.5%. First loan eligibility will increase from 36 months to 60 months. For more details and FAQ's please visit the Start Up Loans website.
Eligibility requirements
To be eligible to apply for a Start Up Loan, you must fit the following criteria:
- 18 years of age or older.
- Current UK resident.
- You're starting a new business or have been trading for up to 36 months.
British Business Bank PLC
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