Crowdcube has teamed with Start Up Loans, an organization that focuses on lending-based funding initiatives and training for UK entrepreneurs.
We are thrilled to announce that Start Up Loans has partnered with Crowdcube. The government funded scheme that provides loans and mentors for entrepreneurs is partnering with us to assist those recipients of Start Ups Loans with further funding via the Crowdcube platform.
As part of the partnership, all businesses referred to Crowdcube from Start Up Loans that succeed in reaching their funding goal will receive a discount of 1% off Crowdcube’s success fee. Companies will pay 4% vs. the usual 5%.
Start Up Loans is chaired by James Caan. The organization was created within The Department for Business, Innovation and Skills. It was designed to help budding entrepreneurs access capital for their business ideas, aiming to equip enterprising individuals with the tools needed to make their businesses a success.
To date, Start Up Loans has provided funding to 12,148 companies, one of whom is our very own SilkFred, the fashion technology company who went on to raise £145,660 from 71 investors in October 2013. SilkFred netted the online business award from Crowdcube for 2013.
More information on how entrepreneurs can take advantage of this partnership is available on the Start Up Loans web site.