Start Up Loans Application Form Partners

To apply for a Virgin StartUp Loan, you must be at least 18 years old, be an EU passport holder (or have a valid UK visa) and your business must be two years old or less.

You can borrow anything from £500 to £25,000, repayable over up to five years, at a fixed annual interest rate of 6%, with no early repayment penalties.

There is no specific timeframe from registering to being approved for a loan. Every entrepreneur and business idea is different and at varying degrees of progression when they apply to us. Some take 3 weeks to process, some take almost a year! It is really important that we fund businesses at the right stage when they are ready for funding and we’ll work with you to get you to that stage, however your engagement with the process and how proactive you are throughout the process, will play a critical part in the length of time it takes.

We'll call you within 2 weeks of completing your online registration form and ask you a few questions, which will help us decide the best next steps for you. Depending on what stage you’re at and where you are in the country, we’ll either encourage you to fill out our free business plan template, or book you onto one of our free all-day workshops, where you’ll learn more about starting a business. If you work hard on your business plan, it's likely that you’ll then be matched with a business advisor, who will help you put together your loan application.

Yes, international students living and studying in the UK can apply, but your visa must permit you to work in the UK, and your business plan must clearly show that you’ll be able to repay your loan during the length of your stay.

Yes - subject to our normal lending conditions. Check out whichfranchise.com for more information on franchising.

A mentor is an individual with business experience who will provide support and guidance to help make your business a success. Take a look at our mentoring pages to find out more.

Virgin StartUp isn’t just about loans - we’re built by entrepreneurs, for entrepreneurs; we offer you our wisdom, knowledge and expertise to better the prospects of your start-up. With every loan comes mentoring and access to exclusive offers and opportunities from the Virgin Group. Here's a breakdown of what you can expect to receive:

• Business Advice - every eligible loan applicant is partnered with a business adviser who will help you complete a full business plan and set of financial projections;
• Virgin Start Up Loans range from £500 - £25,000, with a fixed interest rate of 6%. Repayment terms can be up to five years and there are no early repayment penalties;
• Every loan comes with exclusive offers and opportunities throughout the Virgin Group and beyond.
• Every funded entrepreneur receives twelve months of exclusive support as part of The Funded Club. Including;
  - Expert guidance to help you start and scale your business.
  - A dedicated business advice helpline.
  - Regular opportunities to meet with specialist mentors.
  - An experienced mentor who'll work with your business for six months.

In addition, the Start Up Loans Company have secured some exclusive business offers. These will provide you with discounts on a number of business products and services that you may find useful when launching your start-up. To see how these offers could benefit your business and to redeem, visit the Start Up Loans website.

Yes, you will likely lose your job seekers allowance if you receive a Start Up Loan. For more information, click here.