AIM Start Up Loans

Loans are available to people 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.

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

Before You Start

AIM is a delivery partner for the government’s Start Up Loans initiative, which provides start up support in the form of a repayable loan together with business mentoring for entrepreneurs across the country.

AIM was established in 1999 and is a trade body which provides a collective voice for the UK’s independent music industry. AIM is the first music industry body to become an official partner of the Start Up Loans initiative.

The Association of Independent Music (AIM) offers start-up loans to people running new, independent music companies.

Under the scheme, entrepreneurs will receive training to become ‘investment ready’ before receiving the loans. Applicants will receive help and support with perfecting their business plan through their first year of operating their business, and the scheme will also provide access to business survival guides, training materials, training workshops and networking opportunities with other entrepreneurs, alongside a personal mentor.

Applicants will also be eligible to enrol in resources from the scheme’s global partners: Regus, Paypal and Intuit. These packages include:


Six months free access to Regus’ Virtual Office Package and access to most of their business lounges across the world. Applicants will also receive a free copy of the Start Up Loans Kit, plus more than £500 worth of offers on products including business cards, websites, netbooks and work suits.

Regus UK is investing £20 million of support, providing over 30,000 entrepreneurs with access to its global network of business lounges and administrative support to help them succeed.


  • Paypal: reduced transaction fees for six months (from 3.2% to 1.4%)
  • eBay: three months’ free eBay store and no insertion fees.
  • Magento Go: six months’ free e-commerce package.


Two years’ access to Intuit’s online cloud accounting software.


Established businesses that have been trading for longer than 12 months are not eligible for support.

What You Need To Know

Key Criteria

The scheme is open to British music companies that have been trading for less than a year, and multiple founders from the same company can apply. Applicants should be at least 18 years of age and eligible to live and work in the UK. Applicants should have no existing debt and the infrastructure in place to deliver the business.

Having a completed business plan is not essential; however applicants should have at least started to put one together.

Match Funding

Contact AIM for details of any match funding requirements.

Eligible Expenditure

Loans are strictly for start-up activities and cannot be used for expansion of an existing business that has been trading for more than 12 months.

How To Apply


Applications can be made at any time.

Frequency: Ongoing

Link to guidelines:

Useful information:

Applications can be made online