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How do I apply?

When you apply for a Start Up Loan, it's not just a financial transaction, we’re helping you build a business. 

Our application process focuses on giving you the support you need to succeed, while keeping you informed and in control at every stage.

Here are the steps involved in applying for a Start Up Loan:

  • Step 1 - Check eligibility & register

    First, complete our initial eligibility check. If you are eligible, we will ask you to register, which will enable you to start your application with us.

    Scroll down to see our full eligibility criteria at the bottom of this page.

    At this stage, all you’ll need to provide is basic details such as your name and contact details.

    After registering you’ll receive an email asking you to create an account and password so you can login to our customer portal where you can start your application.

  • Step 2 - Complete an application form

    Stage 2a: Provide information about your situation, how much you’re seeking and how you’ll use the loan.

    Stage 2b: Upon passing the credit check, we ask you to submit Personal Bank Statements for the three months prior to the date of application.

    Upon passing the credit check, you’ll be assigned to one our Business Support Partners with a dedicated business adviser.

    There is a 90-day window for you to complete your application.

  • Step 3 - Finalise business documents

    Your business adviser will review your business planning documents as well as any key supporting documents, and will work with you to get them ready for assessment.

    Our assessment will take into account the strength and viability of your business, demonstrated through the Business Plan and Cash Flow Forecast and the affordability of the loan through the Personal Survival Budget.

    If your application is successful, you will be invited to take up 12-months of free post-loan support.

If you need help creating your business plan, cash flow forecast or personal survival budget, we offer a range of free templates.

To be eligible to apply for a Start Up Loan, you must fit the following criteria:

  • You’re 18 years of age or older
  • You’re a current UK resident
  • You’re starting a new business or have been trading for up to 36 months
  • You’re unable to secure finance from other sources (self-declaration is ok)
  • Your business is based in the UK
  • You have the right to work in the UK
  • Your business type and loan purpose is eligible under terms of the scheme
  • You pass our credit checks and you can afford to repay the loan