We review each loan application on its merits; however we do have a general eligibility and lending criteria which you must meet.

*Please note this page does not refer to Start Up Loans. To find out about the T&Cs for Start Up Loans, click here.

1: Must be over 18 years old.

2: Applicant is required to submit a detailed business plan that demonstrates the viability of the business and project, detailing the borrowing requirement.

3: Loans  repayable over a period of 3 to 5 years are available.

4: Average interest rate is 10% per annum.

5: All personal and/ or business funds available for investment in the project must be utilised first and included in the total funding package required.

6: The business must not be a subsidiary of another organisation and its registered trading address must be in London.

7: The loan is not available to fund past debt.

8: Applicants must be prepared to accept routine financial monitoring throughout the period of the loan and the free advisory services provided by London Small Business Centre and/ or its partners.

9: Loans can be made available for working and/ or fixed capital expenditure.

10: Our loan funds are subject to business viability and are reviewed by an independent panel.

11: Generally the loans will be unsecured; however loans to Limited Companies will require Directors’ Guarantees and possibly debentures and/or specific charges over Company assets.

12: A business in receipt of a loan which relocates outside of the London boroughs will be required to repay the outstanding balance of the loan and accrued interest to date within one month of such relocation.

13: Loans may be subject to an Enterprise Finance Guarantee.


Financial Conduct Authority Interim, reference number 725041

We are authorised and regulated by the Financial Conduct Authority (FCA). You can find out more about our Complaints Policy here.

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