Start Up Loans

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WHAT IS A START UP LOAN?

Start Up Loans are a Government-backed scheme, helping more people to start businesses. It's a low-interest loan, a great alternative to a traditional bank loan if you’re looking to fund a business idea. Customise your loan to borrow the exact amount you need, when you need it.

Transmit Startups is a national delivery partner for the government's Start Up Loans scheme.

Let's get to work! We're here to guide you through the application, making it as quick and easy as possible so the money is in your bank account when you need it. We’ll check that you're eligible and provide advice on creating a business plan and realistic cashflow forecast. We'll match you with a business adviser, and help you to use the templates we've designed to make this process easy.

  • Borrow £500 - £25,000, customised to your needs

  • ...and take a second loan, if your business needs it

  • Funding specifically available for businesses that are not trading, or those that have been trading for less than two years

  • Applications open to all those age 18+ based in the UK - whether you are working full-time, part-time or are currently unemployed

  • Professional advice and mentoring given free of charge.

There are no fees charged for obtaining a Start Up Loan or any of the services associated with it. All of our advice, professional mentoring and templates will be free for you to use.

Register for a start up loan

SOME KEY DETAILS

Start Up Loans at a Glance

£500-£25,000 Finance Available
6% P.A Fixed Interest Rate
£7,000 Average Loan Size
For Businesses Trading 0-36 Months
1-5 Years Loan Term
No Application Fee or Early Repayment Fees
For UK-Based Businesses
Government-backed

QUESTIONS?

All your questions answered

APPLICATION CRITERIA

Who Can Apply For 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 the UK

  • 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

  • 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

REGISTER FOR A START UP LOAN

APPLICATION CRITERIA

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

Loan Period Monthly Payment
12 Months £430
24 Months £222
36 Months £152
48 Months £117
60 Months £97

THE PROGRAMME’S AIMS

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

  • Foster a culture of entrepreneurship

  • Support applicants to create and develop their business

  • Boost to UK economic growth through supporting new businesses

  • Build success for new ventures through expert advice and support

To do this we offer 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.

"We’re delighted to be the 2000th loan recipients!"

JO CARTER – DUKES GASTROPUB

Money Lent

£ 138,078,053

Entrepreneurs Backed

10962
Apply for a startup loan
Find out how much you can borrow with our Start Up Loans Calculator