British Business Bank Start-up Loans
Unsecured loans of up to £25,000 for UK businesses which have been operating for 5 years or less, repayable over 1-5 years.
Key facts
- Funding amount
- Loans of £500 – £25,000 with a fixed interest rate of 7.5% p.a., repayable over 1-5 years. Maximum £100,000 per business.
- Deadline
- Rolling – no fixed deadline
- Region
- UK-wide
- Business type
- Startups & early-stage founders
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Plain English summary
The British Business Bank offers Start Up Loans of £500 to £25,000 to individuals looking to start or grow a business in the UK that has been trading for up to 60 months. These government-backed personal loans come with a fixed interest rate of 7.5% p.a. and include free mentoring and business support. Up to £100,000 is available per business, with each owner able to apply for £25,000.
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Who this is best for
- Startups & early-stage founders
- Organisations based in UK-wide
- Projects aligned with startup funding
- Teams seeking funding around Loans of £500 – £25,000 with a fixed interest rate of 7.5% p.a., repayable over 1-5 years. Maximum £100,000 per business.
Who should not apply
- Individuals applying in a personal capacity (unless explicitly permitted)
- Established businesses trading for many years
- Applicants who cannot meet the official eligibility criteria below
Eligibility checklist
Tick what applies to your organisation before applying.
- You must be 18+, a UK resident, starting a new business or trading for up to 60 months, unable to secure finance elsewhere, and pass credit checks.
- Your business must be UK-based.
- Most business types are eligible, with some exclusions like illegal activities, banking, and property investment.
Official source
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