Start Up Loans

We can help your source the funding you need for your startup business


Prefer to talk? Call us on
0800 133 7042

We help support British Businesses
We are official members of the NACFB
We are official members of the FSB

How can start up loans help my business?

There are now more options than ever before for start up ventures, especially within the alternative finance space. In fact, there has never been a better time to start a business and if you need funding there are many potential lenders, venture capitalist’s, and of course crowdfunding options available to you.

Many startup businesses fall short at the first hurdle especially when they have visited their local high street bank. Funding can be hard to come by especially in the current financial climate. Banks have reduced their lending dramatically, tightened their underwriting and are extremely cautious when it comes to lending to new start-ups.

This has lead to a rise in alternative business funding. There are many individuals and commercial investors available to help fund your business start up so when the banks say ‘no’ you may well find the right product within the alternative finance space.

Start up loans - are they backed by the UK government?

Yes, there are some which are directly backed and by funded by the UK Government via The British Business Bank Investments. The government have increased pressure on the high street banks to direct those customers they themselves cannot help and direct them to alternative business lending solutions. The UK government have invested millions of pounds into various alternative funding options which are available to you.

Do I need a business plan for a start up loan?

In some cases it’s not needed, however, it is good practice to have a business plan and a set of financial projections. Alternative business lending offers fresh alternative loan products that generally make the application process much quicker than traditional lending and in some cases, a business plan is not required. You will, however, find the application process very simple and straightforward. You will also find that there isn’t a great deal of administrative paperwork from the lender for you to complete the loan application. This application is not time-consuming and we don’t charge you any fees for the help we provide.

Do we offer business grants?

We don’t directly offer business funding through any grant scheme but we can always give you details of any grant incentives in your area if applicable. We offer access to start up loans from both corporate and government backed schemes.

What types of start up loans are there?

There are many types available, in fact, the list grows month on month as we are always adding new funding solutions for start up ventures to our panel. From Crowdfunding loan products - great for new business ideas and start up projects where not only do you raise the finance required to launch your product but you gain great brand awareness by encouraging many investors to join in. There is also straightforward traditional government backed start up loan products available. These have been designed to make the application process straightforward and the underwriting a quick and efficient process.

I have Bad credit - will this affect my application?

Unlike other forms of traditional finance, prod credit history should not hinder the application process. With some loan products, the lender will treat your application on its own merits. They will make a ‘human’ decision and not a ‘scored’ decision. This is one of the many positives in the alternative business funding space, there are many keen investors willing to understand and get to know you and your business model. Don’t let any bad credit history put you off making an application.

What are the rates on start up loans?

It varies as each product is designed differently. By making an application we can help you by delivering suggestions and best lending quotes for your business idea. You can then decide which option is right for you and your business. There is no obligation to proceed - even if you are in the very early stages and you’re just looking for costs. There is absolutely no pressure from us or our lenders to proceed, we’re just happy to be able to help in the process.

We are proud to support the entrepreneurial British Start Up. We have been a start up ourselves and understand exactly some of the areas that you require funding. From buying a premises, purchasing stock, raising capital for marketing and advertising costs or just straightforward working capital to get you going. A start up loan isn’t a one size fits all solution. In many cases, the scenario for each business is different and may require funding for a range of various requirements. The start up loan products we have are intended to work with your business ideas and goals, they are designed to fit with your cash flow and not put you or your business under financial pressure. They are designed as a true alternative product to traditional business loans.

If you would like to speak to one of our team we’d be delighted to help you and go through some options.

Fleximize logo
Boost capital logo
liberis logo
ldf logo
bibby financial services logo
365 business finance logo