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Start-up loans for photographers

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Do you need a little help to turn your passion for photography into a business?

Whether your vice is portrait photography, action photography or bridal photography, you can borrow the amount you need to get started with a start-up loan and it needn’t cost you an arm and a leg to do so.

All we need from you is a sound business plan, a registered home address and a little time out of your day for a chat about your idea. This isn’t an interview by any means – but we’d like to know who you are, your experience and how passionate you are about making this work. The last point’s important because in our experience passion is essential for success.

How much can I borrow?

Photography entrepreneurs typically borrow £10,000 to £25,000 over 3-5 years.

Your loan ceiling is determined by your business plan, credit profile and your personal finances if you are signing for the loan yourself.

We’ve helped a wide range of photographers get started in business. Most need to borrow up to £25,000 to setup a studio, buy professional grade equipment and have some cash in reserve. However, the amount you need to borrow is entirely personal.

For example, it depends on if you need a studio and the style of studio, the type and extent of photography equipment you need and whether you’re going to build your own darkroom (essential for good old-fashioned film photography).

You’ll also have ongoing overheads, such as rent, utility bills, leases and transport. All of which have to be factored into your business plan. These are ongoing costs, however, and will likely be covered by your incomings after you’ve got going.

Photography start-up costs

If you are here because you’re looking for a loan, there’s a good chance you already have your costs down to a tee. But maybe not? Maybe you haven’t got that far yet? If that’s the case, you’re probably wondering what to plan for.

So, here’s a handy list of costs:

  • £3,000 to £7,000 for two cameras
  • £1,000 to £3,000 for additional lenses
  • £500 to £1,000 for additional flashes
  • £100 to £300 on memory cards
  • £500 to £2,000 on a computer (or laptop) with editing software
  • £400 for insurance
  • £300+ a year for accounting
  • Up to £1,000 on a professional website
  • Up to £500 a year on travel
  • Up to £500 a year on general expenses
  • Up to £500 a year on utility bills

These are just a handful of the immediate costs when starting a photography business.

A common question we’re asked is ‘how much should I borrow?’ and we can’t advise you on that. What we will say is you should borrow the amount you need to get started in business providing you are comfortable with the amount and can repay it.

If you have doubts about your business or the structure of your plan, speak to a business advisor and work with them to establish what you need.

What's the next step?

Call us today on 01234 240155 or complete our easy application form and get accepted within 3 hours.

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Open 7 days a week