Borrowing from the Fund

The Fund provides finance to locally-run small business loan funds right across London supporting thousands of entrepreneurs who are currently unable to access mainstream finance.

Local funds can be either new or existing business lenders

Provided with a revolving credit line, which can be drawn down when making eligible small business loans

The risk of loan defaults is shared 50:50

Interest is charged at Base Rate and the local fund retains the interest they earn on their lending

To borrow from the Fund, organisations need to show they are sustainable by meeting their running costs and provide a cash risk deposit, typically 25% of the requested revolving credit line

Interested in borrowing from the Fund?

If so, please contact the Wholesale team at wholesaleloans@gle.co.uk