Get in touch for advice or support
Get in touch with our Business Support Service and we can help you find the right support for your business needs. You can call us on 0113 348 1818 or email us for more information.
Start-up loans
Start Up Loans provide business loans, as well as advice and mentoring, to start-up businesses of up to 24 months
This is a government-funded scheme providing advice, business loans and mentoring to start-up businesses under two years old.
Overview
A start-up loan is a personal loan for business purposes. If you’re starting a new venture and it’s in the planning stages or have been trading for less than 24 months, then a start-up loan may be able to help you.
The average loan size is £6,000, with one loan available per person. You are required to pay back the loan within one to five years, and the loan must be repaid in full, with 6% annual interest.
Am I eligible?
Start Up Loans criteria include:
- You must be over 18 and living in the UK
- You need to have an acceptable business idea and want to use the funds to support this venture
- You may have already started your business, but you must have been trading for less than 24 months
Visit the Start Up Loans website for the full criteria.
How to apply
Register your interest on the Start Up Loans website to begin your application or you can contact one of the local delivery partners:
- Virgin Start up Loans – via Airedale Enterprise Services
- Business Enterprise Fund
- Leeds City Credit Union
Alternatively, you can speak to us and we can advise.