Fast Simple 100% Government backed loans up to £50k, repaid over up to 6 years with no payments in year one and ‘No complex eligibility criteria’. 
With the exception of paragraph 2.2 of the EU Commission Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty!
Early stage loss-making start ups are excluded from the new loan scheme if accumulated losses are greater than 50% of issued share capital.