Business loans
If you need loan finance to grow your business, and have not been successful in getting all you need from your bank, GLE oneLondon may be able to help you.
We are increasing our lending activity and focusing specifically on businesses that are borrowing up to £50k and have been trading for over 12 months.
Due to the high volume of lending completed by GLE oneLondon to start up companies over the last six months, we have reached the limit of funds currently available for this area of lending and so, for the present, we are suspending lending to pre-trading start-up businesses and businesses that have been trading for less than 12 months.
We recognise the importance of supporting new businesses but with the current economic climate, we believe it is important to support only those businesses that have the strongest chance of success. It is possible that funds for new businesses may become available later in the year. If that happens, you will be informed immediately.
Please register below to receive the alert.
Established businesses
If your business has been trading for over 12 months, we offer both unsecured and secured loans of up to £100,000.
Social enterprises
If you are a social enterprise that has been in operation for over 12 months you can apply for a secured loan of up to £250,000.
Our interest rate for established businesses: 8.2% fixed for the first three years of the loan (at 10th June 2009)
Administration fees: one-off arrangement fees are payable with the first instalment
Security: For limited companies, directors will need to provide a personal guarantee.
All loans carry flexible repayment terms and no early repayment penalty fees
