Start Up Loans Business Funding
Start Up Loans offers business funding from £500 to £25,000 with a fixed APR of 7.5% and terms ranging from 12 to 60 months.
Last checked on September 4, 2026. We may earn a commission when you click through.
Start Up Loans Business Funding
Updated 1 month agoAPR Range
7.5%
Amount
£500–£25k
Term
12–60 months
Type
business
You'll be redirected to startuploans.co.uk
Our Verdict
This funding option is for new businesses needing support, though the requirement for a detailed business plan may deter some applicants.
Best For
Entrepreneurs seeking initial capital for their start-up with a solid business plan.
Watch Out
The application process can take 2-4 weeks, which may not suit those needing immediate funding.
Pros
- Fixed APR of 7.5%
- Loan amounts from £500 to £25,000
- 12 months free mentoring included
- Government-backed scheme
- Suitable for new businesses
Cons
- Lengthy approval time of 2-4 weeks
- Business plan required
- Limited to UK residents aged 18+
- Not ideal for established businesses
- Potential for higher costs if terms extended
Full Review
With a fixed APR of 7.5%, Start Up Loans provides a option for budding entrepreneurs. The minimum loan amount of £500 and maximum of £25,000 can cater to various start-up needs. The requirement for a detailed business plan is essential but could be a hurdle for those without prior experience in business planning.
The inclusion of 12 months of free mentoring adds significant value, helping new business owners navigate early challenges. However, potential applicants should be prepared for a relatively lengthy approval process of 2-4 weeks. This could be a disadvantage for those requiring funds urgently.
Customer service reviews indicate a positive experience, although some users report delays in communication during peak periods. Overall, while this scheme is excellent for first-time business owners, those looking for quicker access to cash may want to explore alternative options.
Who Is This For?
New entrepreneurs in the UK looking for financial support to launch their business with a structured plan.
What Borrowers Say
Borrowers generally appreciate the support and mentoring offered, though some express frustration with the lengthy application process.
Summary
Start Up Loans provides business funding from £500 to £25,000 with a fixed APR of 7.5% and terms from 12 to 60 months, aimed at new businesses.
About This Loan
Requirements
- UK resident aged 18+
- Starting a new business or trading less than 60 months
- Business plan required
- Government-backed scheme
- 12 months free mentoring included
Similar options
Capify Business Loan
BusinessAPR
—
Amount
£10k–£3M
Term
—
Best for: Established UK businesses with a stable revenue stream looking for substantial funding quickly.
NatWest Small Business Loan
BusinessAPR
8.0–15.0%
Amount
£1k–£100k
Term
12–84mo
Best for: Small business owners seeking flexible financing options with quick access to funds.
iwoca Business Loans
BusinessAPR
18.0–49.9%
Amount
£1k–£500k
Term
1–24mo
Best for: These loans are best for businesses looking for quick access to funds without lengthy application processes and those that prefer a revenue-based assessment.
Lloyds Bank Business Loan
BusinessAPR
5.0–15.0%
Amount
£1k–£100k
Term
12–84mo
Best for: Small to medium-sized enterprises with a good credit history looking for substantial loans to expand operations.
365 Finance Business Loan
BusinessAPR
—
Amount
£10k–£500k
Term
—
Best for: Small to medium-sized UK businesses needing rapid funding without extensive documentation.
APR
—
Amount
£25.0k–£2M
Term
12–72mo
Best for: UK-based startups and small businesses with poor credit histories seeking substantial financing.