Start-up Business loans

Start-up loans to bring your business plans to life

It is simple, straightforward and does not impact your credit score.

Accelerate your business growth with start-up finance

Developing fresh business ideas into reality always requires time, effort, and money, along with proper planning. If you aspire to bring your business ideas into real life or are already set up but need to expand your business, choosing a start-up loan will be your perfect choice to accelerate your growth with unparalleled flexibility.

Taking business start-up loans from Advanceloanday lets you prepare your new business ideas and boosts your chances of success despite your credit history.

As a direct lender, we understand the difficulties and complications developing businesses face when sourcing funding at the early stages. By keeping increasing needs in mind, we provide a quick online lending service that flawlessly matches start-ups. Furthermore, we deliver all help as required.

Why to get Advanceloanday’s start-up business loans?
  • Loans from £5000 - £100000
  • Quick disbursal
  • Flexible payment terms
  • Collateral-free financing

What is a start-up loan scheme? How does it work?

A start-up business loan is a type of business financing mainly designed to support new UK business launches and help grow in real time. However, it can also work similarly to any other business loan.

This fund lets you instantly access a lump sum of capital, and you must pay it back regularly at a fixed interest rate. When it comes to getting a business loan for a new business, you need to make sure about the following aspects:

  • Your business plans
  • Current trading history
  • Your turnover
  • Earnings and profits of your project
start up finance

In general, business start-up loans bring a seed or initial stage of the business. It can give business people immediate cash to pay for business concepts and plans, testing and designs, prototypes, etc.

Without a doubt, it is the only finance a business or a company has when it begins to operate. It can be available at the lowest interest rate and with 5 years of repayment.

Before deciding on new business loans, it is also essential to focus on some critical things, like the sum required for the business plan, the length of the loan, and your ability to repay the amount.

What are the features of a start-up business loan?

Start-up funds are considered the primary source for many aspirants to realise their creative business plans. However, these credits are unsecured and available with flexible terms.

All entrepreneurs must raise sufficient capital at some point in the business establishment. Whether to get the existing business up or accelerate growth, we offer the best lending services. Our funding options come with their advantages. However, if you are considering choosing a business start-up funding, it is essential to compare the rates which can be offered based on your circumstances.

Uses of new business loans

You can utilise these funds for business expenses like set-up costs, paying for your premises, etc. Usually, these funds can be used for the following:

  • Paying workplace rent
  • Buying stock
  • Buying equipment
  • Recruitment
  • Marketing
  • Staff wages
  • Training

Types of start-up business financing

There are different types of loans available for new businesses. With the options, it is also essential to discover the best loan type based on your business plans. Some of the common kinds include:

Start-up business loan calculator - Check your loan affordability

Calculating your loan figures is the best way to opt for an affordable deal only. Using our start-up business loan calculator is free and you can easily plan your loan amount according to the loan term and Annual Percentage Rate (APR). However, it is only a general estimation and not the final figure.


Your Summary

Monthly Repayment

Repayable over

Fixed APR Rate

Total Repayment

How do start-up loans support your business growth?

We facilitate business loans up to £500000, and you can receive the funds within a few hours of the approval. However, we also have solutions for new businesses with any credit histories, and no additional charges are associated with our process.

These funds cannot be spent on debt repayment, educational, or investment opportunities that are not required for any business. To get a better injection of cash, you should follow the below tips that can help ensure that you utilise the money wisely:

Here are a few of the noticeable advantages of availing of our loan,

How are start-up loans useful for businesses with bad credit?

Your business's bad credit does not disqualify you from being eligible for our loan. Despite your credit, we will consider your repayment ability, income source, and financial status during the assessment process. If you are satisfied with your repayment ability, we will afford the credit with flexible terms.

When applying for new business loans for bad credit, it is essential to remember not to apply for numerous loans simultaneously. In general, this will further tarnish your credit. It might make sense to take our loans based on a particular set of your business requirements and your financial position.

During the application process for start-up business loans for bad credit will carry out a soft credit check which does not leave any impact on your credit history.

- Get loans for new businesses without a guarantor

Yes, getting a start-up business loan for bad credit is simple, even without a guarantor. However, the availability of such loans and the terms and conditions may vary based on your financial situation and the specific loan product.

Most importantly, our business start-up loans with no guarantor are offered based on your creditworthiness and ability to repay the loan. It has several advantages, such as:

  • No need to rely on someone else
  • Simplified application process
  • No collateral required
  • More flexibility to access funds on time
business loans for bad credit

Choosing loans for a new business without a guarantor can be a great way to ensure cash flow when you don't have someone as a guarantor. However, it is significant to consider carefully the terms and conditions before you apply loan for your business.

How do I improve my credit score to get start-up loans?

When applying for loans, it is also advisable to start improving your credit. Here are some critical terms that let you quickly improve your business credit score.

Can I get start-up loans with no income?

Being unemployed or having an unstable income does not mean you cannot apply for small business start-up loans. Getting funds without payment cannot be easy, but it is still possible with us.

We have some specialised deals on start-up business loans for small businesses that perfectly fit your desires. Even you can apply for loans if you are currently receiving benefits. Before applying for a loan, you should approach our team to get a proper understanding.

Additionally, young entrepreneurs easily qualify for various grants despite their credit scores. As a responsible lender, we offer opportunities for new business ventures led by young people.

Unlike any traditional loan, we offer instant business loans in different categories. Hence, contact us to familiarise yourself with our start-up loans and their specific features.

Apply now

Why is Advanceloanday ideal for start-up business loans?

We understand that every start-up is different simultaneously, and every business has different financial needs. For this, we facilitate the best loan for new business. Our loans are mainly designed to support your business with flexible and customisable terms. With us, one can quickly get quick funding required for business growth.

We have deals for everyone. You should approach us if you are new to business or experiencing a slowdown, requiring funds for business purposes. Our new business loans can help you get adequate funds during the urgent needs.

The simple application process includes the following:

  • Your eligibility check:

    You can quickly check your eligibility with just a few details for a business loan.

  • Documents submission:

    You need to complete your application by uploading the required documents.

  • Deals on loan:

    We will process your application with fair loan deals if you meet your eligibility.

start up business loans

For processing loans, we have less stringent requirements than traditional banks. At the same time, we are also willing to lend to businesses with less established credit histories or poor credit scores. Hence, let us support you in receiving affordable deals on start-up business loans in the UK.

Check your start-up business loan eligibility

Applying here won’t affect your credit score


Are grants similar to start-up loans?

No, generally, grants don’t have to be paid back like a start-up loan. Simultaneously, there is no interest to pay either. However, business start-up loans and grants are available from the local council. The funds can be available to implement your business. Besides, there is no assurance that your enterprise or company will receive a grant. In such a scenario, you may need to submit an application for a loan instead.

What fees should you need focus on while getting start-up loans?

While applying for loans to start a business, you need to consider two main types of the fee charged:

  • Application and documentation fees:

    In most cases, it can be around 5% of the loan amount, but not all lenders charge this.

  • Early repayment charges:

    Some lenders charge extra money when you must pay your loan amount before your agreed time. Always verify the terms and conditions while deciding on the loan to start a business.

Can I apply for a start-up business loan without a plan?

Most lenders generally require a business plan because it is part of the loan application process. Most importantly, your business plan outlines your goals, strategies, financial projections, etc. Thus, having a solid business plan supports you in getting a loan quickly.

What kinds of risk factors are associated with these loans?

The main risk is that your business or company may fail. Then, it will lead to complications in the repayment of your loan. However, this can also result in damage to your credit score. At the same time, you may lose any collateral or property you put up for the start-up loan scheme.

Do I need a separate bank account to get a start-up loan?

It depends entirely on your business set-up, and it may vary based on the loan type and the chosen lender. If your business or start-up is recorded as a limited company, you must have a business bank account.

Our customers’ experience:

I had a brilliant business idea but needed more money to get it. I applied for a start-up business loan at Advanceloanday, and the lender approved it within a few days. Thanks to the loan, I could start my business, and now it's thriving. I recommend this lender to anyone looking to start their own business.

-Edward, Liverpool, UK

I got a start-up business loan from this lender a few months ago. The decision has proved to be one of my best. The loan helped me expand my business and increase revenue. I could hire more employees and buy new equipment. With the loan, I could take my business to another level.

-Kinsley, Leeds, UK

Many lenders had turned me down because my business was still early. But when I applied for business start-up funding in the UK from Advanceloanday, the lender saw the potential in my idea and was willing to take a chance on me. Thanks to the loan offered by the team, I built my business from scratch, and now it's a success. I recommend this service to anyone with emergency money needs.

- Amelia, London

Our Latest Guides

unsecured personal loan bad credit

How to know it’s time to give up on a business idea?

A young mind starts his business with a fresh idea. He doesn’t do so to quit one day. He invests hard toil, the best expertise and strategies to make it work. However, sometimes, it may not go as planned. After trying hard to make the business work, giving up is difficult. Moreover, it is excruciating …

loans for bad credit no guarantor

Different types of funding options are available for self-employed

Self-employment is not easy to achieve because of the various obstacles you have to overcome. Even if you leave aside the other problems, you cannot ignore the funding problem. This particular decision lets you become your own boss. This means you will no longer work under anyone else. You will have to establish a separate …

bad credit loans direct lenders

6-Days Track to Get Bad Credit Business Loans for Start-Up!

Business loans for bad creditare a great way to sponsor your startup. People seeking loans to start their business may struggle to find the best financing alternatives in the online and offline landscape. Grabbing the right loan to kick-start your business becomes a difficult task when you are not very aware of starting your business. …

Want to discuss your loan needs?

Representative 24.9% APR

Representative Example: Credit Amount - £50,000 for 12 months at £4749.78 per month. Total loan repayment amount of £56997.41. Interest Amount: £6997.41. Interest rate: 24.9% pa (fixed). 24.9% APR Representative.

Apply now