GLE oneLondon
Start-up business loans Loans for growing businesses
Starting your business Developing your businessGreenMark
Start-up loans for UK residents at 6% interest Start-up loans for New Enterprise Allowance mentees at 6% Start-up loans for Croydon residents at 5.02%
Loans for London SMEs who've traded for over 12 months: Loans to grow your London business: 1 - 249 employees Loans to grow your London business : 1 - 10 employees Loans to grow your London or Home Counties business Loans for Croydon businesses Loans for Merton businesses Loans for Wandsworth businesses
Jobcentre Plus in partnership with Department for Work and Pensions Business Enterprise Group

Start up loans for New Enterprise Allowance clients

Get a loan for your start-up business.

The loan is available to Jobseekers Allowance (JSA) claimants who have started a business through the New Enterprise Allowance pre-trading mentoring scheme.

Eligibility details

To access this funding you should:

  • Have completed the New Enterprise Allowance mentoring scheme;
  • Be based in London, Home Counties, Central England, Scotland or Wales; and
  • Have an NEA approved business plan, including a cash flow forecast and a personal survival budget.

Loan details

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.

Start Up loans may be used to fund the initial start-up costs of the business including:

  • Marketing
  • Equipment purchase
  • Vehicles, if they are an important part of your business

Repayment

The key features of the loan

Amount Available : The size of the loan depends on the start up needs of the business which should be shown in the business plan. The minimum amount you may borrow is £500.

Term : the loan may be repaid over 3 or 4 or 5 years.

Interest rate : The loan's interest rate is 6%.

Fees: There are no fees payable for this loan at any time.

Early Settlement : the loan can be repaid in full, or in part, at any time during the repayment period.

Loan repayment : repayments are collected monthly via direct debit.

For more information

For more information on the start up loan for New Enterprise Allowance clients telephone 0191 426 6408 or visit www.gleenterpriseloans.co.uk to submit an online application.

Registered Office: 5th Floor, Valiant Building, 14 South Parade, Leeds, LS1 5QS | Registered in England No 08796862 | VAT No 237919823 | Privacy and cookies information | Terms and conditions | Sitemap