UNDER EMBARGO UNTIL 22 May 2015 16:30
Merton businesses struggling to secure the finance needed to grow can now access unsecured* loans of up to £70,000** via the Council–backed Merton Business Loan Fund.
The £600,000 loan fund partly funded by Merton Council aims to help viable local businesses raise the finance needed to develop, grow and create jobs. Sole-traders and small-business owners can use the money to promote their company, buy stock or equipment or hire new employees.
A free one-to-one financial review is offered and all types of businesses will be eligible, providing they are based in or willing to relocate to Merton, have been trading for more than 12 months and employ less than 49 people.
For more information about the Merton Business Loan Fund visit: www.glemertonloans.co.uk or speak to an advisor at 0845 603 2820.
*Directors’ guarantees are required for limited companies. **Loans may be from more than one source.
Notes to editors:
About GLE oneLondon
GLE is a leading provider of services, products and investment in finance for business, enterprise development, business accommodation and consultancy services. Bringing innovative and commercial approaches to economic growth we successfully unlock the potential of people and growing businesses. GLE Group is wholly owned by the 32 London boroughs and the City of London, yet is commercially and constitutionally independent and receives no public subsidy.
To help the borough’s economic recovery, Merton Council in partnership with GLE oneLondon has launched a new dedicated £600k loan fund for growing businesses, which have been having difficulty raising finance from conventional commercial sources such as the banks.
Contact for GLE oneLondon
0207 940 1577
Tel: 020 7940 1577
GLE oneLondon is a leading not-for-profit provider of responsible finance for small businesses in the UK. We have over 15 years’ experience of lending to start up and growing businesses. We work alongside high street banks, finance houses and accountants to help small businesses who are unable to meet their finance requirements from mainstream sources.
We are part of the responsible finance industry and we tailor our services locally to the needs of individuals or businesses. We offer a personal service, a supportive approach and a real alternative to traditional bank lenders and finance providers. At our heart is the idea of bringing social and economic benefits to people, places and businesses. We create opportunity by providing access to finance to those who are often excluded. We believe fair finance can build stronger economies and communities.
We want to see a future where access to fair finance is available locally to all who need it, whether they are businesses, organisations or individuals – for us that’s responsible finance.
17 Mar 2016 10:15
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