Start Up Loans Company (British Business Bank)

Start Up Loans (British Business Bank) Business Loans logo
  • Compare Start Up Loans Company business finance products in the table below.
  • Get information on terms and amounts for the different commercial loan types that they offer.
  • Click the links provided to apply direct online.
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Compare Start Up Loans (British Business Bank) Business Loans

  • Start Up Loans (British Business Bank) logo

    Start Up Loans (British Business Bank)

    • Interest rate of fixed 6% per annum
    • Receive business mentoring and support after drawing down your loan
    • No application fees or early repayment fees
    • Minimum Turnover
      No minimum
    • Available Amounts
      £500 to £25,000
    • Available Terms
      1 year to 5 years

Compare similar products from other providers

  • Nationwide Finance Business Finance logo

    Nationwide Finance Business Finance

    • Nationwide Finance help 35,000 businesses get finance each year
    • Direct funder - not a broker
    • Same day decision, funds within 24 hours
    • Minimum Turnover
      No minimum
    • Available Amounts
      £10,000 to £500,000
    • Available Terms
      1 to 5 years
  • Funding Circle logo

    Funding Circle

    • Your business must have a minimum of 2 years’ trading history
    • A leading UK platform for small business loans
    • Simple online application and decisions in as little as 5 hours
    • Rates from 3.9% per year - No early settlement fees
    • Minimum Turnover
      £16,700 p.a.
    • Available Amounts
      £10,000 to £500,000
    • Available Terms
      2 to 6 years
  • Puzzle Funding logo
    Broker

    Puzzle Funding

    • YOUR BUSINESS MUST HAVE A MINIMUM OF 6 MONTHS’ TRADING HISTORY
    • Free service matches your business with over 100 lenders in seconds
    • Apply in 3 minutes and get funds in as little as 1 hour
    • High acceptance rate
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £15,000,000
    • Available Terms
      1 month to 25 years
  • Capify logo

    Capify

    • Your business must have a minimum of 1 years trading history. No sole traders.
    • Capify loans are paid back in very small automated regular payment; either daily or weekly
    • A fast and easy business funding alternative for SMEs
    • Funds can be used for any business purpose, from managing cashflow through to improving technology
    • Minimum Turnover
      £120,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 to 18 months
  • Fleximize logo

    Fleximize

    • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
    • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
    • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
    • Minimum Turnover
      £60,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 months to 4 years
  • Swoop Funding logo
    Broker

    Swoop Funding

    • Your business must have a minimum of 1 years' trading history
    • Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating
    • Free access every type of finance including the Recovery Loan Scheme
    • Online management allows you to find funding opportunities and track applications
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £10,000,000
    • Available Terms
      3 months to 6 years
  • Funding Xchange logo
    Broker

    Funding Xchange

    • Access 70 lenders from one simple funding request
    • Easily compare the choices available, including RLS options
    • Apply with confidence, no impact on your credit score
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £500,000
    • Available Terms
      3 months to 5 years
  • iwoca logo

    iwoca

    • Flexible finance for small businesses from £1000 to £200,000
    • No long term commitments and flexible repayments to fit for your business
    • Apply online in minutes for a decision (some decisions may take up to 24 hours)
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £1,000 to £200,000
    • Available Terms
      up to 12 months
  • Cubefunder logo

    Cubefunder

    • Only available to Limited Companies in England and Wales with 3+ months' trading
    • Fast and Flexible funding from £5,000 - £100,000 for Limited Companies within England and Wales
    • No penalties for Late payments or Early repayment
    • Apply and receive funds within 48 hours
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £5,000 to £100,000
    • Available Terms
      3 months to 1 year
  • 365 Business Finance logo

    365 Business Finance

    • Your business must process credit and debit card transactions to apply for this product
    • A flexible business funding alternative
    • Cash advanced against card transactions
    • Pay back an affordable % of your card transactions
    • Minimum Turnover
      £10,000+ card transactions per month
    • Available Amounts
      £10,000 to £300,000
    • Available Terms
      4 to 18 months

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Last updated on 14 December 2021.

Start Up Loans Company (British Business Bank) FAQ

Who is Start Up Loans?

The Start Up Loans Company was established in September 2012 and offers new and early stage UK businesses access to finance products and mentoring support. A subsidiary of the British Business Bank, the Start Up Loans Company delivers the Government’s Start Up Loans programme to provide finance and support for businesses that struggle to access other forms of finance.

What services and products does Start Up Loans offer?

Start Up Loans offers a range of loans for borrowers as well as help for applicants to prepare their business plan and cash flow forecasts.

What is a loan from the Start Up Loans Company?

A loan from the Start Up Loan Company is not a grant. It is a loan that must be repaid in full over an agreed term.

What type of finance is provided under the Start Up Loans scheme?

Finance is provided as a personal loan that is regulated under the Consumer Credit Act 1974. All loans are therefore taken out in the name of an individual rather than a company or venture. The loan is repayable on a monthly basis for the duration of the term of the loan.

Is a loan from Start Up Loans a personal loan or a business loan?

Start Up Loans are structured as personal loans rather than business loans. By making individuals accountable for their loan repayments the individual rather than the business is held accountable to the agreement terms.

What documents are required during the application process?

All individuals are required to submit a business plan, cash flow forecast and personal ‘survival budget’ as part of their application.

How much can I borrow with a loan from Start Up Loans?

This varies depending on a variety of factors, such as your credit record and financial outgoings. Several business partners may be able to each make their own application, increasing the total amount borrowed for one business.

What are the available loan terms and interest rates?

Loan terms and rates vary depending on affordability and preference, as well as other criteria.

How do I apply for a Start Up Loans loan?

To apply for a Start Up Loans loan, use the links above to navigate to the company’s website. You will then be able to register for a loan by filling in an eligibility test. After you fill in the relevant fields in the online questionnaire your details will be placed on the company’s system and you will receive feedback from them once everything has been processed.

Services offered by this provider may change over time. Always check Ts&Cs.