A Start Up Loan is a government-backed personal loan designed to help you launch or grow your new business.
You can borrow between £500 and £25,000 to help cover the initial costs of things like equipment and stock, premises, and marketing.
Got co-owners? They can apply to borrow up to £25,000 too, up to a maximum of £100,000 for the business.
Join Tide and connect your bank account to see if you could be eligible.infoAdditional eligibility checks might be run when applying for Tide’s partner products. We act as an introducer and not a lender. We give no warranty of any kind nor accept any liability whatsoever in connection with partners’ products or services, or your use of these, including but not limited to availability.
Start Up Loans are unsecured, personal loans. They’re designed to provide finance and support to owners of new businesses who often struggle to access other forms of finance. Additional eligibility checks might be run when applying for partner products through Tide.info We act as an introducer and not a lender. We give no warranty of any kind nor accept any liability whatsoever in connection with partners’ products or services, or your use of these, including but not limited to availability.
Borrow up to £25k, and up to £100k per business if you have co-owners.
Choose your repayment schedule, and repay early without being charged.
Annual interest rate of 6% is fixed for the life of the loan.
Start Up Loans are specially designed for people looking to start or grow their new business. Certain types of businesses and activities are not eligible, but you may be able to apply for a Start Up Loan if:
Join Tide and connect your bank account to see if you’re eligible.infoAdditional eligibility checks might be run when applying for Tide’s partner products. We act as an introducer and not a lender. We give no warranty of any kind nor accept any liability whatsoever in connection with partners’ products or services, or your use of these, including but not limited to availability.
When you join Tide and connect your bank account, we run pre-eligibility checks to see which credit options you might be eligible for - and to make applying simple:
Log in to the Tide app or website
Go to Start Up Loans within the Tools & Services menu
See if we think you could be eligible for a Start Up LoaninfoAdditional eligibility checks might be run when applying for Tide’s partner products. We act as an introducer and not a lender. We give no warranty of any kind nor accept any liability whatsoever in connection with partners’ products or services, or your use of these, including but not limited to availability.
Tap the button to learn more and start your application
The Government’s Start Up Loans programme is delivered by the Start Up Loans Company (part of the British Business Bank), in collaboration with a network of business support and finance partners.
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Yes. Start Up Loans are available to sole traders as well as owners of limited companies.
Yes. As long as you haven’t already borrowed the £25,000 maximum amount and you’ve made more than 6 full repayments, you can apply for another Start Up Loan.
Yes. If you meet the eligibility criteria and at least 6 months have passed since your last unsuccessful application, you can re-apply.
A traditional business loan is made to the business itself, rather than the owner, and is typically secured (something of value is used as collateral to secure the loan). Business loans are also not generally restricted to businesses of a specific age.
Start Up Loans are only open to owners of businesses that have been trading for less than 36 months. It is an unsecured, personal loan to the owner of the business.
We’re acting as a referrer only. We run pre-eligibility checks to see if we think you could be eligible to apply for a Start Up Loan, and we let you know in-app if we think you are.
If you’re eligible and you choose to apply, your application will be made with the Start Up Loans Company (a part of the British Business Bank).
If your application is successful, your loan agreement and loan funds will be provided to you by one of the Start Up Loans Company business support or finance partners.
Find answers to all our most frequently asked questions and how to contact our Member Support team.
