Business start-up loans, mentoring and support

We weren?t expecting to receive such practical advice in our meeting with the loan fund panel. They were extremely helpful and it was easy to discuss our proposal with them.

Tabish Aiman, co-founder of GeeChef

Home > Am I eligible for a Start Up Loan?

Am I eligible for a Start Up loan?

Apply for funding if you can answer yes to the following questions:

  • Are you aged 18 or over?
  • Do you want to start a business in the UK?
  • Are you legally entitled to live and work in the UK?
  • Have you been trading for less than 24 months?
  • Is this the only loan you're currently applying for with a Start Up Loan provider?
  • Not be subject to formal insolvency, including Individual Voluntary Arrangements (IVA), Debt Relief Orders (DRO) or bankruptcy

Register Now

Please Note

We review each applicants’ proposal on its own merits. Information provided to us is assessed collectively to understand the personal finances and business viability of each proposal to ensure that, in keeping with our policies and responsible lending guidelines, a loan is affordable. We sometimes require additional information to assess a proposal based on its individual characteristics; such information may not be requested at the beginning because it will not necessarily apply to every proposal.

Our credit policy allows us the flexibility to consider applicants with an impaired credit history; however, we must consider affordability ahead of any other factors and whilst some applicants may have an impaired history and be approved, others may not be approved because of an assessment of their ability to repay the debt.

It is our duty as a responsible lender to ensure that we have been satisfied as to the affordability of any loan. We welcome feedback where our process or service may require improvement. Whilst we don’t accept complaints purely on the basis of our lending decisions, as these are made at our discretion, we can review the decision as part of the complaints process if there has been an issue with the service received.

Click here for detailed eligibility guidance for you and your business.


Not sure if you're eligible?

Visit Frequently Asked Questions or call 0333 005 0487 .

Our offices are open Monday to Friday from 9.30am - 4.00pm.

Are you an NEA client?

If you are a New Enterprise Allowance client and are applying for a Start Up of £2,500 or less  - register here for the Start Up Loan for NEA clients.

Newable Start-Up Loans

Newable Business Loans Ltd t/a Newable is authorised and regulated by the Financial Conduct Authority (FRN: 700160).
Newable Business Loans Ltd t/a Newable assess client applications and then refer these for the disbursement and collection of the Start-Up Loan to The Enterprise Fund Ltd t/a Business Finance Solutions (BFS) (FCA Interim Permission Number: 523077)
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