From £500 Upwards
No Trading History Needed
Government-Backed Options

A startup business loan is commercial finance designed for new businesses or those trading for less than 2 years. Because startups lack trading history startup lenders assess eligibility using your business plan personal credit history and projected revenue.
Startup loan terms rates and eligibility criteria vary significantly — from government-backed schemes to specialist commercial lenders. Comparing options finds the most suitable funding with the best terms and lowest overall cost for your specific situation.
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Common questions about startup business loans eligibility and the government Startup Loan scheme.
Yes — providers assess your personal credit history and business plan instead of trading history. A strong personal credit score and well-prepared plan significantly improve your chances.
Yes — providers assess your personal credit history and business plan instead of trading history. A strong personal credit score and well-prepared plan significantly improve your chances.
The government scheme offers up to £25,000. Private lenders may offer up to £500,000 but typically require some trading history.
Government startup loans are unsecured personal loans that affect your personal credit rating. Some private lenders may require personal guarantees or business assets as security.
Funds can typically be used for equipment, stock, marketing, hiring staff and working capital. Personal expenses and speculative investments are generally excluded.