Nicholas Nicolaou explains how to prepare for the loan fund panel and what to expect at the panel meeting.
How could your business benefit from a GLE Business Loan?
The loan may be used to take your business forward
or strengthen it. For example you could use it to:
- Market your services
- Deliver new contracts
- Pay for equipment
- Buy or rent offices or work space
- Pay for operating costs
- Hire more staff
*Please note terms and conditions apply to purposes for the loan
What's On Offer?
Unsecured business loans
of £500 to £95,000
* Directors guarantees are required for Limited companies
What's The Interest Rate?
Interest rates are fixed from 5.02% (effective from 1st January 2015) to 16%, so you know where you stand every month.
Are There Any Fees For Early Repayments?
There are no early repayment fees. You can pay back the loan at any time without paying a penalty.
How Long Do I Have To Repay the Loan?
The repayment period may be up to 5 years.