Business Startup Loans

Top deals

Top rate

AA

5.3%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.3% so if you borrow £10,000 over 5 years at a rate of 5.3% (fixed) you will repay £189.52 per month & total amount payable £11,371.03.

Post Office

5.9%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.9% so if you borrow £10,000 over 5 years at a rate of 5.9% (fixed) you will repay £192.15 per month & total amount payable £11,529.01.

Santander

6.3%
£7,500 - £15k
1-5 years

Check eligibility Representative Example: The representative APR is 6.3% so if you borrow £10,000 over 5 years at a rate of 6.3% (fixed) you will repay £193.91 per month & total amount payable £11,634.61.

Shawbrook

6.6%
£10k - £500k
3-25 years

Check eligibility Representative Example: The representative APR is 6.6% so if you borrow £10,000 over 5 years at a rate of 6.6% (fixed) you will repay £195.23 per month & total amount payable £11,713.96.

What is a Business Startup Loan?

A startup business loan can help a company in its early stages. It involves borrowing a certain, often large, amount of money to help with the initial outlay of starting a business.

Start-up business loans can offer you a large loan when first launching your new business to help meet the demands of employees, clients and cash flows. It’s a great way to help a new business get started.

Many startup loans come with a fixed interest rate and monthly repayments over a set term in order to help you get started ad successfully be able to budget for each month.

It’s standard that most businesses need some form of financial support in the beginning and a start-up loan is one of the most popular options to cover the initial expense.

Compare options on our tables for more information.

Depending on the size of your business, you can borrow both small and large amounts which can be repaid over shorter and longer time periods. Business loans can be acquired over a range of different terms to suit a variety of business needs.

How to Get a Startup Loan?

You can normally apply online to acquire a business startup loan.

Being prepared and having the right information available when you apply for a loan can help speed up the process and boost your chances for success. This information includes:

What will you use the loan for?
How much would you like to borrow?
Over what period would you like to repay the loan?
What kind of business is it and who are the owners/directors?

Once you have filled in the online form and provided the above information in detail, they will then assess the information against your credit rating and past history. The provider will then offer you all or part of the loan or deny your claim.

The chance of having only part of the money or none at all is one of the major disadvantages of this type of loan along with the time it takes to apply.

However, if you do manage to fund your new business with a new business loan, the provider will often offer a range of support and features such as: a business credit card, bank account, business insurance which can help you with getting started.

If you are thinking of taking on a loan of any type you need to consider that loans are long term commitments usually taking years to fully pay off. You therefore want to ensure you are getting the best loan you can to suit your specific needs.

How much do you wish to borrow?