Loans to start your business
GLE oneLondon start-up loans are designed to help you get started in business once you have developed your business idea and are ready to make it work. These loans are only available if your application has been declined by your bank. We will review your application and decide whether we can help you.
Summary details
Indication of repayments
To repay £5,000 over three years, you will need to make 36 monthly repayments
of £167.74 (excluding our administration fee).
(Correct
at current rates at 05/10/2007 - contact us for repayments on other amounts
or periods.)
How to apply
Step one
Speak to our start up loan manager (020 7940 1569 / 1583) to discuss what you need
to do to get ready to apply.
Step two
Download and complete our application form and send it to us together
with:
Download the application form here
Step three
We may invite you to a loan panel meeting to discuss
your application further, when we will decide whether we can help.
Step four
After your panel meeting it may take three to four weeks before your money is transferred
into your bank account, and your first monthly repayment must be made one month
later.
Larger start up loans
Larger start up loans (up to £20,000) are available for
businesses in London's most disadvantaged neighbourhoods
Click
here for more
information

