If you are over 18 and a British citizen or legal UK resident who wants to start or expand a new business that's less than 2 years old in England, then you may be eligible for a Government-backed, low-interest start-up loan.
Virgin Start-up Loans Yorkshire Coast & Humber.
We are the official delivery partner of Virgin Start Up Loans along the Yorkshire Coast and Humber
We will help you develop your business plan and your application for funding along with your marketing plans and financial projections.
As a Virgin Startup applicant you will receive:
- Business advice - an appointed Start up Coach Adviser to support your application and complete a full business plan and financial projections.
- Funding - a unsecured personal Virgin Start-Up loan of £500-£25,000* for a business which is in the planning stages or has been trading for up to 24 months.
- Mentoring - a mentor providing 15 hours of free support for the first 12 months.
- PR support - chances to feature in content, media and campaigns. This can give your business priceless exposure to an international audience.
- Resources - digital content to inspire, motivate and advise you.
- Opportunities - Loan recipients will be given access to exclusive offers and opportunities from the virgin group.
*Interest rate of 6% APR Representative (fixed rate) and the loan can be paid back within 1-5 years. Failure to maintain repayments in line with your agreement could have an adverse effect on your personal credit report and make obtaining credit more difficult.
We are very passionate about helping people develop themselves and their ideas.
We offer high quality business support, to both start up and established businesses. Please get in touch with Joanne@YIB.org.uk today and see how we can help you. Please note that you may be asked to complete documentation prior to accessing our services, we will guide you so please don't let that put you off.