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10,000 new entrepreneurs supported by Start Up Loans

By CreditMan Wednesday, November 20, 2013

The 10,000th loan from the government’s successful Start Up Loans scheme has been awarded to a budding entrepreneur from Cornwall.

The 10,000th loan from the government’s successful Start Up Loans scheme has been awarded to a budding entrepreneur from Cornwall, the Prime Minister announced today (20 November 2013).

Allen Martin, a Royal Navy veteran, runs Eclipse Property Cornwall, which manages properties on behalf of landlords. He received £10,000 from Start Up Loans to help launch his new business.

In reaching this significant milestone, Start up Loans has now lent £50 million to entrepreneurs looking for support in starting up a business and is a third of the way in meeting the target of supporting 30,000 new businesses with £151 million by 2015.