Start up LoansFor Start-ups, SME's and Social Enterprises
Start up loans
If you have a great business idea and you’re looking for a start up loan (or you have a business under two years old) then we would encourage you to visit the Start Up Loans Company website for more information – https://www.startuploans.co.uk
Unfortunately Impetus is no longer able to directly provide loans under the scheme.
Supporting all sectors
Their programme allows for loans of between £500 to £25k and our recipients included a wedding shop, a coffee shop, a skatepark and a fitness training business – so the scheme can support pretty much any kind of organisation within the West Midlands.
And to ensure you keep on track, business finance mentoring is available.
Start up loans are available at a fixed 6% interest p.a. and repayment terms are 12 months to five years.
If you meet the following criteria you can apply for a small business start up loan:
You’re a small to medium size commercial enterprise or a social enterprise
You’d like to borrow between £500 and £25k
You run an existing (or you have an idea for a start up) business
Herefordshire, Worcestershire, Shropshire and Telford & Wrekin
You’ve discovered that traditional lending support is unavailable or limited
You have a clear business plan
You’re 18 or over.
“The whole process was quick and easy and I would recommend anyone seeking a loan to give Impetus a call.“
– Alan Sharrock – Business Owner | Miruji Health Spa
Some of our Case Studies
Ready to take your business to the next level?
Impetus can help, not only with a managed start up or business loan but also with bespoke business finance mentoring.