Start Up Loans
Over 115,000 business ideas supported with more than £1.1 billion worth of loans.
British Business Bank offers low-interest personal loans and free mentoring to help you start or grow a new business.
- Borrow up to £25,000 (The average loan amount is £7,200)
- Fixed interest rate of 6% per annum (per year)
- Repay the loan over a term of 1–5 years
- No fees for arranging the loan or paying it back early
Case Study: Frazer’s Coffee Roasters
Frazer's Coffee Roasters, based in Sheffield, secured a £20,000 Start Up Loan via Business Support Partner Virgin StartUp.
Founder, Frazer Habershon, was originally training to be a plumber before becoming a gas engineer. As he was finishing his qualifications, he had a severe car accident where he was knocked off his push bike. He suffered damage to his brain and long-term health, as well as suffering from neurological complications.
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