Start Up Loans

About The Loan…

Start Up Loans is a government backed scheme, providing repayable loans and mentoring to individuals in the UK with a viable business idea but no access to finance.

Transmit Start-Ups is national Delivery Partner for the scheme.

We are here to guide you through the application process, including advice on creating a business plan and cashflow forecast.

If you receive a loan we have a range of ongoing support services to help you make a success of your business.

There are no fees charged for obtaining a Start Up Loan or any of the services associated with it.

Register for a Start Up Loan

Download our Start Up Loans information sheet


Some Key Details…

What is a Start Up Loan

A Start Up Loan is a personal loan for business purposes. We lend to applicants who are 18 years or older at the time of application. Individuals can receive one loan, however more than one partner in a business can apply for a Start Up Loan. Please note that you will be credit checked as part of your application.

  • You must be aged 18 or over
  • You must be based in England or Scotland*
  • The loans are unsecured personal loans
  • The loans can only be used for business purposes
  • We can provide loans of up to £25,000 per person
  • Our average loan size is £6,000
  • Each business founder (partner, director or shareholder) can apply for a separate loan
  • Repayments are made over a period of 1 to 5 years and have a 6% p.a. fixed interest rate

*Sorry, but we don’t cover Wales or Northern Ireland at the moment.

Register for a Start Up Loan

Repayment Example…

The monthly repayments for a £5000 loan would be approximately:

Loan Period

  • 12 months
  • 24 months
  • 36 months
  • 48 months
  • 60 months

Monthly Repayment

  • £430
  • £222
  • £152
  • £117
  • £97

For other loan amounts and repayment periods, use our Loan Calculator.

Start Up Loans Background…

The Start Up Loans programme aims to provide mentoring and financial support to entrepreneurs that would not normally be available via traditional banking relationships.

Start Up Loans are available to new business founders aged 18 or over in the UK. The programme’s aims are to:

– Foster a culture of entrepreneurship
– Support applicants to create and develop their business
– Give a boost to UK economic growth through supporting new businesses
– Build success for new ventures through the expert advice and support

These goals are achieved by offering pre-application support to entrepreneurs, affordable loans on clear terms, ongoing support, and access to useful product and service offers that would not normally be available to new businesses.

The Small Print Register for a Start Up Loan


Money Lent: £12,334,858 Entrepreneurs Backed: 1348 Apply Now!

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