NWES is an approved supplier of the Government’s Start Up loans, which offers pre-start and start-up businesses aged up to two years old loans to help set up and grow their businesses.

Loans of up to £25,000 are available over a one to five year term, with the average loan size of £5,500. The interest rate is fixed at 6% (typical).

Who can apply?

  • Anyone over the age of 18
  • Individuals setting up in business or trading for less than 24 months
  • Individuals based in England who are eligible to work and receive public funds.

Loan details:

  • Can 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.

To find out more about the Start Up Loans scheme and how to apply, click here or contact NWES on 08456 099 991.

Start Up Loans

Loans of up to £25,000 available

6% interest p.a.

Available to pre-starts and start-ups up to two years old

One to five year term