Provided you can answer ‘yes’ to the following, you are likely to be eligible to apply for a Start Up Loan with Outset Finance:

  • You are 18 years or over
  • You have not yet started trading, or have been trading for less than 36 months
  • Your business is or will be based in the UK
  • You are eligible to live and work in the UK
  • You are not currently bankrupt
  • You are not currently in an Individual Voluntary Arrangement (IVA) or Debt Management Plan
  • You do not have a sizeable Default registered against you. Occasionally, we can consider applicants with active Defaults. Please discuss this with our team before applying
  • You do not have a current County Court Judgement (CCJ)
  • You have not already received a Start Up Loan through any other delivery partner of the Start Up Loans scheme
  • You’re unable to secure finance from other sources (self declaration is OK)
  • Your business type and loan purpose is eligible under the terms of the scheme (see below)

If you can answer yes to all of the above, register now and a member of our team will be in touch within 5 working days. They’ll discuss with you the kind of help and advice you need in order to get your business started, before you begin the application process.

If you have any further questions regarding the eligibility criteria for the Start Up Loans scheme, please take a look at our FAQs page as we have tried to answer most common queries there. Alternatively, please contact us for support.

If you’re still unsure, please visit the Start Up Loans Company website for more information.

Excluded business types

Most business types are eligible to be funded with a Start Up Loan, however we are not able to support the following business types*:

  • Weapons
  • Chemical manufacture
  • Pornography
  • Drugs
  • Illegal activities
  • Banking and money transfer services
  • Private investigators that do not hold the appropriate licence
  • Gambling and betting activities
  • Property investment
  • Agents for third parties, where a third party earns the majority of the revenue or you would only be earning a commission (not to be confused with franchise businesses which are eligible to apply)
  • Charities

Excluded loan purposes

Start Up Loans are designed to finance the initial costs of starting and developing a business, and therefore cannot be used to fund the following activities.*:

  • Debt repayment
  • Training, qualifications or education programmes
  • Investment opportunities that do not form part of an on-going sustainable business

* Other exclusions may apply and Outset Finance reserves the right to update these lists at its discretion.