Start Up Loans

Create your dream fashion business with a Start Up Loan and FREE Business Support

start up loan
Start Up Loans

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.


18 years or older at time of application

• Pre start or trading for under 36 months

• A UK citizen (or have the right to live and work here)

• Have not already received a Start Up Loan.

• Are not an undischarged bankrupt, or undergoing an IVA


Register online to tell us about yourself and your business idea.


Receive free pre-loan business support.


Submit your application for approval.


Loan Approval – access to a mentor for 12 months.


We’ve supported 100s of clothing, accessory, footwear and jewellery  businesses start and grow, by helping them access start up loan funding, and on going business mentoring with our fashion industry mentors.

Read about some of the amazing businesses we’ve helped.

Watch the video of Chloe Hope King, Creative Director of Esoteric London and Start-Up Loan recipient >

start up loan


The Start Up Loans Company have secured some fantastic business offers, exclusive to Start Up loan recipients. These provide discounts on a number of business products and services and equip an entrepreneur with many of the tools needed to launch a successful start-up. To see how these offers could benefit your business and to redeem, click here.

I received invaluable advice in constructing my business plan and with my Start Up Loan application and have since attended an extremely useful workshop on Crowd Funding. Receiving my loan has enabled me to go into production. I have taken advantage of several new business offers including Santander 2 years free business banking & half PayPal transaction fees…
Deborah Bunn, Start-Up Loan recipient

The Start Up Loan Company have been made aware that someone is making “cold calls” and claiming to be the Start Up Loans Company, even using their London address to try and convince people of their authenticity. Their aim is to defraud and they are, of course, conducting a thorough investigation. The Start Up Loans team do sometimes call loan applicants and recipients to gather feedback on the programme, but would not ask for payment of any kind. 

Fashion Angel is an official Delivery Partner and does not ask for payment of any kind in relation to our Start Up Loan programme. Whether your application is successful or not, you will not be charged a fee for making a Start Up Loan application. If you have been charged a fee or have any questions please inform us or write to


Loans are strictly for 18s and over and are personal loans for business use only. Finance is subject to status. You will be credit checked as part of your application for a Start Up Loan. Individuals can only receive one loan, however more than one partner in a business can be eligible to apply for a Start Up Loan. Terms and conditions apply. You will never be charged a fee to apply for a start up Loan. Fashion Angel is not a lender. Please note that: Fashion Angel is a credit broker authorised by the Financial Conduct Authority (FCA), not a lender. You will never be charged a fee for our brokerage services.

start up loan infographic