Start Up Loans London

Start Up Loans London helps young people who have an ambition to set up and run their own business. The project is part of the government initiative to make seed financing available to anyone from England aged 18 to 30 years (employed or unemployed) who is in the process of starting their business.

Eligibility

Start Up Loans London is part of a national campaign to help young people who are determined to start a business by providing loan finance, together with advice and a wide-ranging menu of advice and support.

Do I Qualify?

To qualify for support from Start Up Loans London you must be aged between 18 and 30 and starting a new business. Some other terms and conditions apply, click here to find out more. You can apply for a loan whether you are employed or unemployed at the time of application.

What do I get?

If you can convince Start Up Loans London that you have a good idea and a viable business plan and you meet the terms and conditions of the programme, you will be able to borrow up to £2,500 (and if you really need it a little more), repayable over up to five years, on which you will be charged interest of 6% per annum (6.2%APR).

When you apply for a loan you will also be assigned a business mentor to offer advice both before you start and when you get going. You can also get advice, assistance and training from our business support partners, and if you are successful with your application you will qualify for a number of exclusive offers that will help your business start up and expand.

How do I apply?

Please click here and complete the form. Once submitted, providing you are eligible, one of our team will send you the full application form and details of the next steps.

In addition we require a copy of some documentation prior to awarding the loan, a list of which can be found here.

What does it cost?

Mentoring, advice and support are provided entirely free, as part of the commitment of H.M. Government and those running Start Up Loans London to help young people into self-employment. If you are successful in getting a loan, interest will be charged on the reducing balance at 6% (6.2%APR). You will be told exactly what the monthly payments (payable by direct debit) will cost you. We will charge you no lending fees whatsoever. If any of the offers made by any of the partners involved in Start Up Loans London involve a cost you will be told exactly what that is prior to purchase.

Area we cover

We cover the boroughs of Camden, Westminster, Hammersmith & Fulham, Islington, City, and Kensington & Chelsea.

Contact Us

For more information, call Lucan Richards on 020 7278 5757 or email: lrichards@centa.co.uk.