Growth Loans

Startup Direct can help you obtain growth funding for your business from 2,500 to £350,000. Working through a number of trusted providers we will help you to apply for funding to further grow your startup.
There are eligibility criteria associated with applying for growth funding. If you would like to enquire about your options we please need to know:

  1. How long your business has been trading
  2. What your annual turnover is
  3. If your business is profit making
  4. The amount of funding you are seeking to raise

Please email the the answers to the above four questions to [email protected] and one of the team will be in touch.

To enquire about which funding options are best for your business, please email answers to the above four questions to [email protected]

Please note that you may also be asked to provide bank statement and credit reports as part of the application process.

 

Top Up Loan

Don’t forget that if you have already received a Start Up Loan for less than the £25k maximum, you could be eligible to apply for a Top Up Loan through Start Up Loans. Please note, there are criteria associated with this process, including that your business needs to have been trading for 6 months.
Detailed below is the criteria for applying for a second loan.

  • Your business must have been trading for at least six months but cannot have been trading for more than two years.*
  • You must have made six full repayments on your first Start Up Loan.
  • The repayments on your first Start Up Loan must be fully up to date at the time of applying.
  • In the last six months, you must not have had any late or missed repayments on your first Start Up Loan.
  • You cannot have been on an Interest Only period (or capital repayment holiday) within the last six months.
  • The additional finance must be for the same business as your first Start Up Loan.
  • You must still meet all of the original Start Up Loan criteria.
  • Your total outstanding Start Up Loans balance cannot exceed £25,000 at any one time (per individual).

When applying for a loan through the Start Up Loans scheme, the total lent to any business cannot exceed £100,000.
Subject to credit check and business assessment.

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