Start Up Loans of up to £25,000 now available to start-ups that have been trading for up to 3 years, up from 2 years.
There are also new ‘second loans’ available for businesses that have been trading for up to 5 years providing eligible businesses between 3 and 5 years old a much-needed government-backed finance to support their expansion at a crucial juncture.
Start-Up Loans provide a fixed interest rate of 6%, as well as mentoring, support and funding to aspiring business owners across the UK, providing support to those who might find it difficult to secure loans from traditional lenders.
For further information please visit https://www.gov.uk/apply-start-up-loan