Getting ready for finance
How do I ask a bank for a loan? Finance is needed to grow most businesses
and many need help preparing themselves and their ideas for a bank, or GLE
oneLondon’s loans, to be able to understand and consider. Support
is available under Access to Finance if this is the kind of help you
need, contributing up to 80% of the cost.
Access to finance help could include:
- Preparation or refinement of your business plan
- Preparation of financial projections
- Advice on types and sources of finance
- Coaching on how to present a professional case when asking for finance
- Assessment of skills and other areas which need to be developed to help your business succeed.
Getting started
We offer a free finance assessment, which will look at your entire business, so that you can be clearer whether your request for finance is viable. This assessment will include an action plan of activities needed for the business to be ready for finance.
Following this assessment, our trained adviser can help you achieve this
action plan, which may include writing a business plan with you. For
this additional support you will need to make a contribution to the cost
of either 20% if you are a new business or 35% in your business is more established.
More details on access to finance are available from the video and brochure
below.
Click
here to view a video
Click
here to view the brochure
How to apply
Step one
Telephone a GLE oneLondon loan manager, to find out more and check your suitability
for access to finance (Steve on 020 7940 1531 or Ron on 020 7940 1577)
Step two
They will arrange for a business adviser to meet with you and undertake a
financial assessment, concluding with an agreed action plan for you to get
ready for finance.
Step three
Our loan manager and business adviser will discuss and agree with you the further
help they can offer (typically this might be five days help to produce a clear
and viable business plan).
Step four
You are ready to ask for the finance you need, either from GLE oneLondon
or a more traditional source.
Business loans
GLE oneLondon provides a range of loans to help a business start or grow.
