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The Start Up Loans Company is a government-backed scheme, to provide unsecured personal loans for business purposes. All applications take in to account both the individual’s personal affordability and the needs of the business.
The Start Up Loans Company works with a national network of Delivery Partners who, in addition to helping applicants prepare their business plan and cash flow forecast, are responsible for reviewing the final application, making the loan decision and providing ongoing mentoring support to successful applicants. Their Delivery Partners are closely monitored by The Start Up Loans Company to deliver a consistent approach to supporting applicants and ensure responsible loan decisions across the network.
The Start Up Loans Company lends on the basis of need up to a maximum of £25,000. Their average loan size is £6,000 but the final amount will be determined by your business plan.
The delivery partner for Start-Up Loans in the East of England, is Nwes. Find out more using the contact details in the top right hand corner of this page.
There is a number of helpful documents available on the website, including templates for business planning, cash flow forecasts and an essential guide to starting a business. These can be accessed here.
Loan of up to £25K