Starting your business with a Start Up Loan

Let’s Do Business Finance are an Official Business Support Partner of The Start Up Loan Company.

What is a Start Up Loan?

A Start Up Loan is a personal loan for business purposes for a term of 1 to 5 years at a fixed rate of 6% per annum. Applications must be aged 18 or over at the time of the application. A credit check will be completed.

For Businesses Trading under 3 years:

  • Borrow between £500 - £25k

  • Repayment terms of 12 to 60 months

  • Fixed interest rate of 6% per annum

  • Free application support

  • Free post-loan support and mentoring

  • No application or set up fees

  • No early repayment fees

Am I eligible for a Start Up Loan?

We do our best to make it easy for people to start their businesses.

To be eligible for a Start Up Loan, you must…..

For further details regarding business type exclusions and loan use exclusions,

visit the Start Up Loans website

How do I apply for a Start Up Loan?

In four simple steps, you could be starting your new business. Our team are here to help you every step of the way, guiding you through your application.

For more information on applying for a Start Up Loan, or support with your application, Contact Us - we’d be happy to help.

We provide Start Up Loans in Sussex, Surrey, Kent, Hampshire, Isle of Wight, Berkshire, Buckinghamshire and Oxfordshire.

South East Partner

As a regional provider of the British Business Bank’s Start Up Loan Scheme, we cover the South and East of England, including Sussex, Surrey, Kent, Hampshire, Isle of Wight, Berkshire, Buckinghamshire and Oxfordshire.

Second Loans

If you have already secured a Start Up Loan for your business and have been trading for no more than 60 months, you may be eligible to apply for a Second Loan for that same business, if your existing loan did not exceed the maximum amount of £25,000.

With the ability to access additional finance at the same fixed interest rate of 6% per annum and a loan repayment term of one to 60 months, Second Loans are an affordable way to continue building your business.

What our clients have to say

  • "Everyone I spoke to was extremely helpful ensuring that all information I needed for my loan was taken and reviewed thoroughly. It was a simple process to follow especially with the Excel work book available to communicate my business plan. I would highly recommend this company to anyone who is thinking of applying for a start up loan for their new business. Thank you"

    Beckie Sears

  • "Fantastic experience from start to finish of the process. Let’s do business has enabled me to progress with my business objectives and has honestly opened up options for me that were otherwise unavailable. The process was made seamless with on going, clear communication at all times. My assigned business manager Phil and business adviser James delivered hands on assistance that has truly been invaluable and reassuring. I would highly recommend."

    Freddie Buck

  • “Great team of people. Very supportive and genuinely want you to succeed. I was fortunate to work with Martin and James who both were extremely patient and flexible with my personal commitments. Would definitely recommend.”

    Piyush Patel

  • “Every step of the way I was given clear, detailed instruction and provided with quick customer service. Thank you to Dawn for helping me secure my funding!”

    Trisha Mueller

Have a question about Start Up Loans?

Important Information

Our average loan size is £12,000 but of course, the final amount depends on the needs of the individual, the type of business model, and how you intend to use the money.

Please note that this is not a ‘business loan’ or ‘government loan’ - it is a personal loan for business purposes. The loan will incur monthly payments. As the applicant, you are personally liable for repaying the loan if the business fails.

Our Start Up Loan success stories

Read the stories of our past Start Up Loan clients and see how they used their loans, and how it helped them to kickstart their new business.

Featured
What can I use a Start Up Loan for?
What can I use a Start Up Loan for?

“Can I get a Start Up Loan for….” is a question our team at Let’s Do Business Finance hears almost every day. Every business is different, and so is every business owners situation – so your own starting point for your business and the help you need to get started can be totally unique to you. There’s a wide variety of uses for Start Up Loans, so chances are – you might be in luck!

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Turning a dream into a business: RiRi’s Cookout takes off with a Start Up Loan
Turning a dream into a business: RiRi’s Cookout takes off with a Start Up Loan

Renee Roberts from Laindon, Essex, used a Start Up Loan from Let’s Do Business Finance to take her new catering business RiRi’s Cookout to the next level.

Read More →
Ringle Rainbow Day Nursery
Ringle Rainbow Day Nursery

Penny Reidy tells Let’s Do Business Finance about her journey starting her new business, Ringle Rainbow Day Nursery, with the help of a Start Up Loan and business support from the NatWest funded women’s Start Up Business Programme, ‘Her Biz’

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Meow Cat Café
Meow Cat Café

Cat lover Becky White got in touch with Let’s Do Business Finance and secured a Start Up Loan to create her own business, Meow Cat Café, which is already bringing in visitors from miles around.

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SplashRobe: Making waves with a Start Up Loan
SplashRobe: Making waves with a Start Up Loan

Eleanor Ward from Chichester, West Sussex, secured £25k in funding from Let’s Do Business Finance under the Start Up Loan scheme to bring her idea for company ‘SplashRobe’ to life.

Read More →
Fresh outlook: LMJ Painting and Decorating secures a Start Up Loan to grow
Fresh outlook: LMJ Painting and Decorating secures a Start Up Loan to grow

Jaider Mindiola, Owner of LMJ Painting and Decorating, Hastings, tells us how Let’s Do Business Finance supported him to access a Start Up Loan, priming his business to take the next step for growth.

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Financing Freedom: Freedom Works
Financing Freedom: Freedom Works

Co-working and flexible workspace solutions business ‘Freedom Works’ explains how Let’s Do Business Finance has been integral throughout it’s business journey, from it’s creation in 2016, to opening its 9th space in 2022.

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RD1: Brand new menswear store makes a splash in Hastings Town Centre
RD1: Brand new menswear store makes a splash in Hastings Town Centre

Mickey Whiteman, owner of RD1 Clothing on Havelock Road, tells Let’s Do Business Finance about his journey starting his own business with the help of a Start Up Loan.

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Our impact: Celebrating the success of our Start Up Loan clients
Our impact: Celebrating the success of our Start Up Loan clients

Since the launch of Let’s Do Business Finance over 20 years ago (originally called Capitalise Business Support) as the finance arm of Let’s Do Business Group, one of our key aims and motivations as an organisation has been to make real change to people and their communities.

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Swann Accounting
Swann Accounting

After 15 years in the sector, Daniel Swann of Swann Accounting came to Let’s Do Business Finance to receive a start up loan to establish his business.

Read More →