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Apply for a Start Up Loan

ECS Group have partnered with Transmit Startups to deliver the Start Up Loans scheme to UK entrepreneurs. Start Up Loans is a government backed scheme, providing repayable loans and mentoring to individuals in the UK with a viable business idea but no access to finance.

Start Up Loans, are designed to help you get your business up and running. Transmit Startups approves hundreds of loans every year – from hairdressers and plumbers to app developers and film makers. Loans can be given to sole traders, partnerships, limited companies and franchisees.

Each founder can borrow up to £25,000, with a limit of £100,000 into any one business. The loans are charged at a fixed rate of 6% per annum and loans can be repaid between one and five years.

We will help you through the application process, including advice on creating a business plan and cashflow forecast, and also provide free mentoring after receiving your loan. There are no fees charged for obtaining a Start Up Loan or any of the services associated with it. You can repay the full balance at any point, without penalty.

Eligibility

A Start Up Loan is an unsecured personal loan for business purposes. Individuals can receive one loan, however more than one partner in a business can apply for a loan.

To be eligible you must:

  • Be aged 18 or over.
  • Be living in the UK and base your business in the UK.
  • Have an idea for a new business or a business that has been trading for less than 3 years.

Most types of businesses will be considered. We will conduct a credit check, however lending is not necessarily solely based on the credit report.

 

Click below for the Start Up Loan registration and to apply.

ECS Group assist applicants to apply for a Start Up Loan in conjunction with our delivery partner – Transmit Startups. 

ECS Group do not charge any fees in relation to the application, but if requested we can assist in the preparation of your business plan, CV and personal survival budget, which are required during the application process.

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