Business start-up loans, mentoring and support

The panel meeting wasn't easy. The pressure was on and they asked me some quite in-depth questions. However, they understood my idea. One of the panellists had direct experience of working with an ice cream business.

Yaoortaki founder, Ilias Manolopoulos

Home > More about the Start Up Loan

Business Start Up Loan details

What is a start up loan?

A Start Up Loan is a personal loan for business purposes. The Start Up Loans Company can only lend to applicants who are 18 years or older at the time of their application. Individuals can only receive one loan, however more than one partner in a business can be eligible to apply for a Start Up Loan.

Please note that you will be credit checked as part of your application for a Start Up Loan.

The Start Up Loans Company is a UK-wide, government backed scheme, which offers a repayable loan to individuals over the age of 18 who have a viable business idea but no access to finance. The scheme funds businesses in every sector. As well as financial backing all loan recipients are given access to a mentor, free training events and exclusive business offers.

Newable are part of a network of official Start Up Loans delivery partners across the UK who administer the scheme. Newable assess client applications and then refer these to our finance partner, Business Finance Solutions for the disbursement and collection of the Start Up Loans Scheme.

We are here to guide you through the application process, including advice on creating a business plan and cashflow forecast. If you receive a loan we will continue to support you through your journey, providing you with your business mentor.

Benefits of applying to Newable for a business Start Up Loan:

  1. Loan application support, including help to create a business plan and cashflow forecast.
  2. FREE Post-Loan Mentoring Support of up to 15 hours in the first 12 months.
  3. Your Start Up Loan also allows you to access several pages of great offers from Corporate Partners that are exclusive to Start Up Loans recipients, so take your pick of the ones that make the most sense for your business. These are listed at:
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Representative Example

Below is a representative example of how much you could be paying for a Start UP Loan. The amount we will lend will depend on your individual circumstances and the term for repayment will be set between 1 and 5 years.

You could borrow £5,500 over 5 years with 60 monthly repayments of £106.33. The total amount repayable will be £6,379.82 at 6% APR representative, and an Annual interest rate (fixed) 6%.


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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