Back to search results

Start Up Loans

Who it is for

To be eligible to apply for a Start Up Loan, those applying must meet the following criteria:

• be a current UK resident
• be 18 years of age or older
• be starting a new business or have been trading for up to 60 months
• have the right to work in the UK with their business based in the UK
• be unable to secure finance from other sources (self-declaration is ok)
• the type of business and reason for wanting the loan is eligible under the terms of the scheme

Support you can get

Enterprise NI is the Business Support Partner delivering Start Up Loans, on behalf of British Business Bank, in Northern Ireland.

A Start Up Loan is a personal loan for business purposes for a term of 1 to 5 years at a fixed rate of 7.5% per annum.

Applicants must be aged 18 or over at the time of the application. A credit check will be completed.

With a Start Up Loan, successful applicants:

• can borrow between £500 - £25,000
• enjoy a fixed interest rate of 7.5% per annum
• won’t need to supply any assets or guarantors to support their application
• can repay over a period of 1 to 5 years
• enjoy free application support
• make use of free post-loan support and mentoring
• can use free business document templates and guides
• won’t have to pay any application or set-up fees.

Support organisers

• Enterprise Northern Ireland

Phone:

0344 264 2600

Next Steps

Back to search results