If you've been trading - that is, generating income/making sales - for less than two years, you can apply for a Start Up Loan. It's a government-backed scheme, providing low-interest repayable loans and free business support for entrepreneurs across the UK.
They're personal loans for business purposes, of £500 - £25,000. You can repay in 1-5 years, but early repayment doesn't carry any penalties, and the interest rate for everyone is just 6% per annum.
No application fee / upfront charge
Loan can be 'tranched' so you only use and pay interest on a portion of the loan at a time
Capital repayment holidays are a feature of the loan - discuss this with your business adviser during your application
You could reclaim some of the taxes you've already paid under the R&D Tax Claim scheme. A surprising number of businesses are eligible, because the term 'research and development' is very wide ranging - it's not all about inventing things, it's about assessing, appraising and improving anything in your business, from the products and services you offer to the admin you do and the way you operate.
To be eligible to submit a claim, you must:
Be a limited company
Have filed at least one, and usually two, sets of annual accounts.
Leave us your contact details below, and one of our team will contact you to discuss the potential size of your claim.
Subscribe to our newsletter and get resources sent to your inbox.
Third Party Embeds
Third-party cookies are cookies that are set by other websites, not this one. This website may use embedded content from other websites, such as Google maps. Your consent is required to view content from these websites embedded on this site.
These cookies are used to collect information to analyze the traffic to our website and how visitors are using our website. For example, these cookies may track things such as how long you spend on the website or the pages you visit which helps us to understand how we can improve our website site for you. The information collected through these tracking and performance cookies do not identify any individual visitor.