If you are 18 - 30 years old, you can apply for Start-up Loans, with access to personal support to help develop your business plans and access training.
You can get more information and apply for a loan at the Start-Up Loans website.
Am I eligible?
To apply for a loan you should be 18 - 30 years old, living in England and thinking about starting a business.
When can I apply?
You can get more information and apply for a loan today at the Start-Up Loans website.
What is the application process?
This may differ depending on the Start-Up Loan provider you choose to go with but, in most cases, it will involve submitting a business plan on which your application will be based. You may also be invited to talk through your business or idea in person.
What kind of loan is it?
The Start-Up Loan is a personal loan.
If I receive a start-up loan, what are the payback terms?
You will be required to pay back the loan within three to five years at a fixed APR (annual percentage rate) of 3% plus RPI (Retail Price Index) which is currently 3.5%.
What else do I receive?
As well as the loan, you receive business support and mentoring and a free copy of the StartUp Loans Kit, which offers all the guidance you need to start a business plus more than £500-worth of offers on products from business cards to websites, netbooks and work suits.
Two free guides are available now to help you with starting a business: