It’s time to start that amazing business of yours!
This is it, you’re taking the first step in applying for a Start-Up Loan* to turn your idea into reality. Nervous? Scared? You should be a little bit of both – being an entrepreneur isn’t easy – but it is very EXCITING! Don’t forget, we’re here to support you along the way – provided that you’re just as committed as us of course.
*IMPORTANT: A Start Up Loan is a personal loan for businesses purposes. Failure to maintain repayments in line with your agreement could have an adverse effect on your personal credit report and make obtaining credit more difficult.
To get the ball rolling with your application, we need to grab a few details about you and your proposed business, but before you get started there are a few things to check:
Are you eligible?
- Are you at least 18 years old?
- Have you developed a business idea?
- Will your business be based in the UK?
- Are you a UK resident?
- Has your business been trading for less than 2 years?
Have you got the following information to hand?
- National insurance number
- Address details (if you have lived at your current address for less than 3 years, you will need your previous address too)
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