Start-Up Loans

Supportive finance for new business ventures.

1

Complete the form

Answer a few questions for us to understand your business' needs

2

We compare 100+ lenders

We will advise which options could be suitable for your business

3

You choose the offer that best suits you

We'll present any offers available for your business. You choose the one that best suits your business.

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Please note the minimum requirement is £5,000.

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What is a Start-Up Loan?

A Start-Up Loan is a government-backed initiative designed to support new entrepreneurs in launching their businesses. These loans provide accessible funding to individuals who may not have a trading history or sufficient security for traditional finance routes.

Types of Start-Up Loans

Start-Up Loans are generally unsecured and personal in nature, meaning they are based on the applicant’s creditworthiness rather than business assets. They are typically used for initial costs such as equipment purchases, marketing, product development, or initial staff wages.

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Monthly Payment
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Total Repayment
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Identify the Funding Need

Working capital, expansion, stock purchase or covering cash flow gaps.

Compare Lenders

Compare Business Funding will explore the most suitable lenders based on your business profile, credit score, and loan amount.

Apply and Submit Documents

Complete the application form and our team will speak to you to fully understand your requirement and request the documentation required.

Agree the Terms

Once approved, you’ll receive an offer outlining the loan amount, repayment schedule, interest rate, and any fees involved.

Receive Funds and Repay

The funds are deposited into your business account. You then make the agreed repayments over the agreed term.

Compare Business Loans Deals Today

At Compare Business Loans, we make it easy to compare a full range of business loan options from top UK lenders.

Whether you're looking for unsecured business loans, secured loans, start-up loans, working capital finance, short-term business funding, or any other type of loan, our specialised partners, expert business finance brokers, help you find the best deal for your business, saving you time, money, and hassle.

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Quick online quotes

Transparent fees and terms

Wide range of finance providers

No-obligation comparisons

Benefits of Start-Up Loans

These loans are part of a government scheme and often include additional benefits such as mentoring, business support services, and fixed interest rates to aid planning and growth.

Start-Up Loans are ideal for individuals looking to bring a business idea to life, whether it’s in the retail, service, or digital space. They suit sole traders, limited companies, and partnerships in the early stages of trading (under 3 years).

Things You Need to Know

It’s important to have a solid business plan, financial forecasts, and clarity on how the funds will be used before applying.

FAQs

How much can I borrow with a Start-Up Loan?

Typically up to £25,000 per director, but this may vary.

Do I need a business bank account?

Yes, most lenders require this for disbursement and tracking.

Is security or collateral needed?

No, Start-Up Loans are unsecured.

Are government Start-Up Loans regulated?

Yes, they’re overseen by the British Business Bank.

Can I apply as a sole trader?

Yes, the scheme supports various business structures.

Disclaimer: Compare Business Loans helps UK firms find the right finance credit broker for access to business finance. Compare finds credit brokers, not lenders. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  

This website is operated by Spark Finance. Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders  which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).