What are Start Up Loans?
Startup loans (also known as small business financing) help an aspiring or current business owner to get money to start a new small business, purchase an existing small business or bring money into an existing small business to finance current or future business activity.
Starting a company can be a difficult process to navigate through and thats where Fundsurfer come in.
Fundsurfer are able to provide access to 25K start up loans along with mentor support. You’ll have a delivery partner (assigned by the Start Up Loans Company) who will help you develop a business plan. This will be assessed and funding decided by the Start Up Loans Company. You’ll get a low-cost unsecured loan, business mentoring and a range of business support products if your plan is approved. You must pay the loan back within 5 years, and you will pay a fixed rate of interest. Capital repayment holidays are available, but you must pay interest each month.
Start Up Loans, a subsidiary of the British Business Bank, is a government-backed scheme designed to support businesses who struggle to access other forms of finance. They work with a national network of delivery partners who help applicants prepare a business plan and cash flow forecast, and provide ongoing mentoring.
Whether you’re taking the first steps or have been trading for a while and looking to grow, a Start Up Loan can help you achieve your business goals with:
- A loan of up to £25,000, at fixed 6% interest p.a.
- Free mentoring
- Exclusive business offers to help your start up
- Support with your business plan and cash flow forecast