Stand Number: 5142

Start Up Loans Company

The Start Up Loans Company (SULCo) was formed in June 2012 on behalf of the Department of Business, Energy and Industrial Strategy (BEIS), formerly the Department for Business Innovation and Skill (BIS). SULCo provides personal loans for business purposes of up to £25,000 at 6% fixed rate of interest per annum, and offers free dedicated mentoring and support to each business.

The primary aim is to ensure that viable start-ups and early stage businesses have access to the finance and support they need in order to thrive. A network of delivery partner organisations support applicants in all regions and industries throughout the UK.

The funding for SULCo is provided by BEIS and administered by the 100% government-owned British Business Bank.

Since 2012, Start Up Loans has delivered over 40,000 loans, providing more than £230m of funding and helping to back 28 businesses a day.

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0344 264 2600