Start Up Loans is a government-backed scheme, providing repayable loans and mentoring to individuals in the UK with a viable business idea but no access to finance.
Each founder (director or partner) can borrow up to £25,000 each, with the amount going into any one business being capped at £100,000. The loan is charged at only 6% per year and you have up to 5 years to repay it.
Transmit Start-Ups is national Delivery Partner for the scheme. We are here to guide you through the application process, including advice on creating a business plan and cashflow forecast.
If you receive a loan we have a range of ongoing support services to help you make a success of your business.There are no fees charged for obtaining a Start Up Loan or any of the services associated with it.
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