London Business Loans and the Credit Crunch

London Business Loans is now more than ever a vital institution, supplying much needed survival loan finance to good quality viable businesses that have been abandoned by main stream lenders.

Since our inception the fund has targeted companies that have trouble accessing finance from conventional sources. Since the tightening of credit conditions in the general economy in 2008 we have noticed a marked increase in the quality of propositions being brought to us which we expect will have a positive impact on our future.

While we have had a number of clients experiencing difficulties in the current climate our bad debts are within forecast levels. Many of our clients have gone from strength to strength and have paid back their loans early, or requested further funds to expand.

With our capital base and the lending expertise of GLE oneLondon we are in a unique position to assist investors such as councils or other parties with specific interest in London to set up new loan funds to help their communities deal with the current lack of credit.