Overview
Government-backed loan scheme providing finance, mentoring, and business support to individuals starting or growing a UK business.
What's on offer
Provides unsecured personal loans of £500–£25,000 for business purposes, fixed interest rates, repayment terms of 1–5 years, and 12 months of free mentoring and business support.
Requirements
Applicants must be aged 18+, UK residents, have the right to work in the UK, be starting a business or have a business trading for less than 5 years, pass affordability and credit checks, and be unable to obtain suitable finance elsewhere. Certain business types are excluded.
Eligible fieldsEntrepreneurship
Ideal applicant
Aspiring entrepreneurs and early-stage founders who need startup capital and business support but cannot access traditional business finance.