A START UP LOAN is a low interest, unsecured personal loan for business purposes, for those looking to start or scale their business. It is administered by The Start Up Loans Company, a subsidiary of the British Business Bank set up to deliver the UK Government-backed Start Up Loan scheme.
• Loans available between £500 – £25,000 per co-founder
• Average loan size £10,000
• Fixed 6% p.a interest rate with repayments over 1–5 years
• No early repayment fees
• Access to free business support for 12 months
• There are no fees charged for obtaining a Start Up Loan or
any of the services associated with it
FASHION ANGEL is part of a UK-wide network of delivery partners, and the only delivery partner specifically to support entrepreneurs and businesses in the fashion sector. We support people in applying for loans and provide ongoing mentoring to individuals whose applications are successful. Use our Loan Repayment Calculator to check out your repayment options and make an informed decision before you apply.
Individuals can receive one loan per business, however more than one partner in a business can apply for a Start Up Loan. Please note that that a credit check will be carried out as part of your application.
Find out more in our FAQ section.