Start Up Loans

Start Up Loans
Start Up Loans

The Start Up Loans Company (SULCo), a subsidiary of the British Business Bank, provides government-backed personal loans of up to £25,000 at a 6% fixed interest rate per annum together with free mentoring for start-ups and early-stage businesses. Since the scheme started in 2012, SULCo has provided funding for more than 50,000 great business ideas and provided more than £345m of funding, helping to back 27 businesses a day, and contributing to the creation of more than 60,000 jobs.

The primary aim of the Start Up Loans scheme is to ensure that viable start-ups and early-stage businesses have access to the finance and support they need in order to thrive. A network of Delivery Partner organisations support applicants in all regions and industries throughout the UK. The funding for SULCo is provided by the Department for Business, Energy and Industrial Strategy.

www.startuploans.co.uk