Start Up Loans

ACCESSIBLE, LOW INTEREST LOANS OF UP TO £25,000

The Programme

Enterprise for London is a referral partner to Nwes of The Start Up Loans Company, a Government-backed initiative.

Alongside training and advice, Enterprise for London can help you secure finance through The Start Up Loans programme, offering a wide range of benefits to you and your business. Helping you to develop a business plan and submitting this to an independent panel, a decision will be made and once confirmed you will receive a low-cost unsecured loan, business mentoring and a range of business support products.

Who can apply?

  • Anyone over the age of 18
  • Individuals setting up in business or who have been trading for less than 24 months
  • Individuals based in England who are eligible to work

Loan details

  • Borrow up to £25,000
  • Fixed interest rate of 6% (Typical APR 6.2%)
  • No loan arrangement fee
  • The maximum term of any loan is 5 years although the cashflow will dictate the term of loan and you will pay a fixed rate of interest
  • Identification, address verification and credit check required

Click below to be re-directed to the Nwes page on the Start Up Loans website, where you can start your application by clicking the ‘apply for funding’ button.

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Fantastic Business Offers

The Start Up Loans Company have secured some fantastic business offers, exclusive to Start Up Loan recipients. These provide discounts on a number of business products and services and equip an entrepreneur with many of the tools needed to launch a successful start-up.

Documentation

In order to proceed with your Start Up Loan application you may be asked to provide documents to confirm different elements of your application.

How to apply or find out more

Click below to be re-directed to the Nwes page on the Start Up Loans website, from where you can start your application by clicking the ‘apply for funding’ button.

APPLY NOW

Please note, a Start Up Loan is a personal loan for business purposes. The Start Up Loans Company can only lend to applicants who are 18 years or older at the time of their application. A credit check will be run with your consent to assess if you’re eligible and, in line with our commitment to responsible lending, determine if you can afford the loan. Individuals can only receive one loan, however more than one partner in a business can be eligible to apply for a Start Up Loan.

SUL Referral Partner