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Start or grow your own business with Start Up Loans
Enterprise NI is part of a UK-wide network of business support partners and working with the British Business Bank, we deliver Start Up Loans across Northern Ireland. A Start Up Loan is a personal loan for business purposes for a term of 1 to 5 years at a fixed rate of 6% per annum. Applicants must be aged 18 or over at the time of the application. A credit check will be completed.
- All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
- The average loan amount is £9,295.
- Fixed interest rate of 6% p.a.
- 1 – 5 year loan repayment term
- Free application support
- Free post-loan support and mentoring
- Free templates & guides
- No application or set-up fees
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To be eligible to apply for a Start Up Loan, you must meet the following criteria:
- Be a current UK resident.
- Be 18 years of age or older.
- Be starting a new business or have been trading for up to 36 months.
- Have the right to work in the UK with their business based in the UK.
- Be unable to secure finance from other sources (self-declaration is ok)
- The type of business and reason for wanting the loan is eligible under the terms of the scheme.
Category: Financial Funding & Support
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Enterprise Northern Ireland – Enterprise Northern Ireland is the representative organisation for the region’s 27 Local Enterprise Agencies. We support the dynamic LEA network to provide aspirant entrepreneurs and existing micro and small businesses with access to workspace, development services, access to finance, and the informed support they need to start, sustain, and grow their business. Enterprise Northern Ireland lobbies Read more…
