Startup Britain - Start-up Loans

• 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
• new 'second loans' available for businesses that have been trading for up to 5 years

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.

A new second loan will be available to businesses operating for up to 5 years, providing eligible businesses between 3 and 5 years old government-backed finance to support their expansion.

Further information on government scheme