The minimum amount you may borrow is £500. Loans are in increments of £500. The size of the loan depends on the start up needs of the business which should be shown in the business plan.
Loans for £3,000 or more will require additional documentation and a more rigorous lending process including an in person interview or video conference call with the loan panel. This can increase the time taken to complete the loan application. Please note that the application process, including due diligence, is more rigorous for loans of £3,000 or more and has a higher decline rate.
An essential loan system upgrade has been conducted between 1st July and 3rd July, which has meant that a small number of our clients will experience a short delay in the service we offer. We apologise for this inconvenience and endeavour to minimise any disruption that this may cause.
If you do not receive benefits, you can apply to us directly for a Start Up Loan.
Apply now to enter the Start Up Loan Scheme directly with GLE oneLondon at www.glestartup.co.uk .
Find out what can be funded and other key features of the loan.