Second Loans | X-Forces Enterprise

Government-backed Funding For Your Business

If you have previously had a Start Up Loan from us and have now been trading for 6 months, you may be eligible for a second loan to help you grow your business. To be considered you will need to provide an updated Personal Survival Budget, Actual Business Cash Flow covering the last 6 months of trading, a 12-month Cash Flow Forecast & three months of consecutive business-related bank statements.

X-Forces Enterprise worked with Government to change policy to make this fund accessible to the armed forces community who were unable to get traditional or unsecured finance. As a result, we are now an official Delivery Partner of the Start Up Loans scheme, administered by the British Business Bank, offering an unsecured personal loan at fixed interest, together with free mentoring and support to develop your business.

IMPORTANT: Missing payments could have severe consequences and make obtaining credit more difficult. Loans are strictly for 18s and over. Personal loans for business use only. Finance is subject to status, where a credit check will be performed.


Start Up Loans are unsecured personal loans for business purposes, because we are a responsible lender we will need to conduct a credit check in order to process your application. You will also need to confirm that you are eligible, based on the following criteria:

  • Second Loan – Your business has been trading for less than five years
  • Your business is based in the UK
  • You are unable to secure finance from other sources
  • Your business type and loan purpose is eligible under the terms of the scheme

How to get started

To find out more about how X-Forces Enterprise can support you, or to begin the application process, please complete the form below.

Mandatory fields are indicated with a *

How Much Can You Borrow?

You are able to have a total outstanding balance of £25,000 at any one time. So if you borrowed £15,000 for your first Start Up Loan and have now repaid £5,000 then, provided you meet all of the other eligibility criteria, you are able to apply for a Second Loan of up to £15,000.

As you will need to demonstrate that you can afford the ongoing repayment on your first loan and the new repayments on your Second Loan, your Business Adviser will work with you to ensure that your final loan amount matches your needs and does not overburden you.

Please note, we can lend a maximum of £100,000 to any one business so if you and your business partners have already borrowed up to this threshold between you, you will not be eligible to apply for further finance.

Am I eligible for a second loan?

Your Business Is Based In The UK You Have Been Trading For Less Than 5 Years

I want to borrow:

For a duration of:

Monthly Payment £88.81

Total Repayment £2,131.50

Additional Funding Options

Department for Business, Energy and Industrial Strategy

Grant Funding

The Government Portal provides information on grants and many other types of funding for small business owners.


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Finance Your Growth

The British Business Bank is a Government-owned independently-run development bank that’s helped more than 74,000 SMEs.


Further Information

Business Planning Resources

Business Plan Templates, Cash Flow Forecast Templates, Free Guides, Further Information.


Frequently Asked Questions

Find out more about application process, the information required, the loan terms and other useful information.


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