How to Apply British Small Business loan

British Business Bank Small Business Loan – 2025 Guide

🏢 What is the British Business Bank?

The British Business Bank (BBB) is a UK government-owned development bank that does not lend directly to businesses. Instead, it partners with other lenders to improve access to finance for small and medium-sized businesses (SMEs).

Their most popular loan scheme is the Start Up Loans program.

✅ Eligibility Criteria:

For the Start Up Loans Scheme, you must:

• Be 18 years or older

• Live in the UK

• Start or run a business that’s been trading for less than 3 years

• Be unable to secure finance from traditional lenders

• Have a viable business idea or plan

📄 Required Documents:

1. Business Plan

2. Cash Flow Forecast

3. Personal Bank Statements (3–6 months)

4. Proof of ID (Passport, Driving Licence)

5. Proof of Address

6. Startup costs or budget (if applicable)

💷 Loan Features:

• Amount: £500 to £25,000 per person

• Fixed Interest Rate: 6% APR

• Loan Term: 1 to 5 years

• No early repayment fees

• Free mentoring for 12 months

⚙️ Processing Fees:

• No arrangement fees

• No hidden charges

• Fixed 6% interest applied to the loan

📝 Application Process:

Step-by-Step:

1. Go to: https://www.startuploans.co.uk

2. Register and complete a quick eligibility check

3. Submit your business plan, cash flow, and ID documents

4. Receive feedback and support from a delivery partner

5. Final decision and loan agreement

6. Get funds into your bank account

7. Start repayment after 1 month

🎯 Key Delivery Partners Include:

• Virgin StartUp

• The Prince’s Trust

• BizBritain

• Transmit Startups

• X-Forces (for ex-military personnel)