The government-backed Start Up Loans programme supports eligible people starting or developing a business. Crucially, the borrowing is a personal loan for business purposes, even if the business trades through a limited company.
How it works
The programme assesses both the business plan and the applicant’s ability to repay. It also provides business support and mentoring. Current rates, trading-age criteria and limits should be checked directly with Start Up Loans rather than relying on older brochures.
What to consider
- The individual remains responsible for repayment if the business stops trading.
- Include household spending and other personal commitments in the affordability assessment.
- Check how borrowing introduced into a limited company will be recorded.
- A strong plan and mentoring do not guarantee that a business will succeed.
What to prepare
A business plan, cash-flow forecast, personal survival budget and evidence of intended spending. Explain how the business will generate enough cash to support repayments.
For spouses starting a business together, consider each person’s obligations separately and the combined effect on household security. We can help with the business figures; the programme confirms eligibility and lending terms.
Read the current official guidance. Scheme rules and availability can change.
How Greystone can help
We can help you understand the figures and consider the effect on your business and the family behind it. Where detailed forecasts, calculations or application support are needed, we will agree the scope and any fee with you first.
Explore your next step
Start an enquiry with Swoop, or contact Greystone for a free initial conversation.
The portal opens on Swoop’s website. Swoop can confirm available products and the appropriate specialist route. An enquiry is not a funding offer.
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Prepared by Greystone Advisory using Swoop product information; reviewed October 2026. General information, not a personal recommendation. Greystone is not a lender. Funding is subject to eligibility, assessment and terms. We may receive commission from Swoop following completed funding. Specialist legal, tax or regulated advice may be needed for your circumstances.
