Start Up Loans
Start or grow your own business…with the help of an unsecured, government-backed Start Up Loan and free business support
Reservoir Finance are partnered with Start Up Loans, who are a subsidiary of the British Business Bank. They deliver the Government’s Start Up Loans programme providing finance and support for businesses who struggle to access other forms of finance.
A Start Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.
In addition to finance, successful applicants receive 12-months of free mentoring and exclusive business offers to help them succeed.
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 up to £25,000 each, with a maximum of £100,000 available per business.
Once registered, you’ll be assigned a Business Adviser who can help you create a Business Plan, Cash Flow Forecast and Personal Survival Budget to submit with your application.
If approved, you will be paired with a mentor for 12-months of free mentoring.
Bring your plans to life with a Start Up Loan
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Borrow £500 – £25,000
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Fixed interest rate of 6% p.a.
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1 – 5 year loan repayment term
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Free application support
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Free post-loan support and mentoring
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Free templates & guides
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No application or set-up fees