Start Up Loans
X-Forces Enterprise is an official delivery partner of the Start Up Loans Company, a government backed scheme which offers low interest start-up loans to individuals over the age of 18 who have a viable business idea but no access to traditional finance.
What are the benefits of a Start Up Loan
- Dedicated business advisor
- Free resources including business plan template
- Free 12 month mentoring
- No early repayment penalties
- Access to free events and workshops
Average Loan Value is £11,000. Missing payments could have severe consequences and make obtaining credit more difficult. Loans are strictly for 18s and over. Personal loans for business use only. Finance is subject to status, where a credit check will be performed.
"Funding is an enabler and a lifeline to business start-up, whether this is funded through savings, family, through schemes like the Start Up Loans Company (SULCo) or through grants, it is important that entrepreneurs have considered the risks and opportunity in equal measure.
Through our partnership with SULCo, we provide a handrail of support to our beneficiaries, from the planning stages through to the realisation of their business start-up, ensuring that they make an informed and reasoned decision that is right for them. Our skilled team are dedicated to providing relevant business and personal planning support and are here to help at every juncture to help make the journey a rewarding experience."