AIM Start Up Loans

Loans are available to people who are running new, independent music companies in the UK.

Personal loans of between £500 up to £25,000 are available. The average loan amount awarded is £6000, repayable over 1-5 years. There are no set up or early repayment fees.

Loan amounts are decided depending on the business needs.

Loans are personal loans for business purposes, which means that if more than one person from the same company applies for a loan, all are eligible for an individual loan to invest in the business.

The interest rate on loans is 6%. For example, if a loan of £5,000 is applied for, repayments would be as follows:

Loan Period Monthly Repayment
24 months £221.64
36 months £152.15
48 months £117.47
60 months £96.71

Successful applicants may also benefit from the following business support:

  • Pre-loan support including business plans and cash flow forecasts.
  • 12 months worth of free mentoring.
  • A variety of useful templates and start-up guides.
  • Business offers.