Are start-ups eligible
Yes, at the discretion of the lender and subject to meeting the GGS eligibility criteria. The lender must consider the borrowing proposal viable. For early-stage businesses in their first three years of trading, the British Business Bank's Start Up Loans programme, with loans from £500 to £25,000, may also be suitable.
What the data shows
The British Business Bank's performance data as at 30 June 2026, which combines GGS with the third Recovery Loan Scheme, shows £356.49 million drawn across 1,505 facilities to businesses less than one year old, and £715.35 million across 4,901 facilities to businesses one to four years old.
That compares with £927.72 million across 6,380 facilities for businesses five to nine years old, out of £3,963.87 million and 22,947 facilities in total.
Preparing to apply
A young business has less trading history, so a lender relies more on the viability of the proposal and your forecasts. Think about the amount you need, because term loans and overdrafts start at £25,001 and asset finance and invoice finance from £1,000.
Compare the options in GGS vs Start Up Loans.
Check your answers with the GGS eligibility checker.
QUESTIONS
Growth Guarantee Scheme for start-ups and new businesses: questions
Can I apply in my first year?
Yes, at the lender's discretion. The data shows 1,505 facilities to businesses less than one year old.
Do start-ups need a personal guarantee?
Lenders may take personal guarantees if that is part of their typical lending practice. They cannot take your principal private residence as security.