The Start-Up Loans Company

Start Up Loans – from The Start Up Loans Company

DSL Business Finance Ltd is a delivery partner of The Start Up Loans Company, a branch of The Business Business Bank, and is authorised to provide personal loans to individuals requiring funding either the start up or early stage part of a  business life cycle.

Features

  • A Start Up Loan is a personal loan for business purposes.
  • The loan is unsecured, so there’s no need to put forward any assets or guarantors to support an application.
  • All owners or partners in a business can individually apply for from £500 up to £25,000 each, with a maximum of £100,000 available per business.
  • 1-5 year loan repayment term.
  • Fixed interest rate of 6% p.a.
  • No application or set-up fees.
  • There is no penalty for repaying the loan early or making lump sum reductions.

Who Can Apply For A Start Up Loan?

You can apply for a Start-Up Loan if:

  • You are at least 18 years old
  • You are a current UK Resident
  • You have the right to work in the UK
  • You’re starting a new business or have been trading for up to 24 months
  • You’re unable to secure finance from other sources (self-declaration is ok)
  • Your business type and loan purpose is eligible under terms of the scheme
  • Your business is based in Scotland

Please note that you will be credit checked as part of your application

To register for a Start Up Loan and check your eligibility please click here

The above calculator should be used for illustrative purposes only.  Exact figures will be published in the loan offer documentation.

The above calculator should be used for illustrative purposes only.  Exact figures will be published in the loan offer documentation.

An example for Illustrative purposes:

Annual Interest Rate (fixed) is 6% p.a. (6.168% APR) based on borrowing £12,500 and repaying over 5 years in 60 monthly repayments of £241.66 each with total amount repayable of £14,499.59.

The loan calculator is designed to help you work out what your total and monthly repayments will be, depending on the loan term and amount you choose. We offer loans from £500 to £25,000 at a fixed interest rate of 6% per annum (6.168% APR) and you can choose a loan repayment term between one to five years. The APR remains the same for the loan amount and duration.

Get in touch to find out more.

All applicants are assigned a Loan Officer throughout the process and receive face-to-face, pre and post loan drawdown support. Our friendly team are here to advise and support you every step of the way.

The Start Up Loans Company (SULCo)

SULCo is a subsidiary of the British Business Bank and delivers the Government’s Start Up Loans programme providing finance and support for businesses who struggle to access other forms of finance. They work with a national network of Delivery Partners who are based across England, Wales, Scotland and Northern Ireland. DSL Business Finance Ltd is the only official delivery partner headquartered in Scotland. For more information, please click here.