Start Up Loans from Richmond Asset Finance

Frequently Asked Questions about Start Up Loans

Whether you’re thinking about applying for a Start Up Loan or have already received your loan, you may have questions about the process. Richmond Asset Finance has answered some FAQ's

What is a Start Up Loan?

A Start Up Loan is a government backed personal loan available to individuals looking to start or grow a business in the United Kingdom.
The start up loan is unsecured, so there's no need to put the loan on any assets or guarantors to support an application.
The maximum amount owners or partners can apply for a start up loan is £100,000 available per business.

Am I eligible for a Start Up Loan?

You must be 18 years of age or older.
You're a current UK resident.
You're starting a new business or have been trading for up to 24 months.
Your business is UK based.
You have the right to work in the UK.
You're unable to secure finance from other sources.

For more information call us today!