Using the Wholesale Fund's capital

Can the fund help you?

• Are you an existing CDFI or non-bank business lender?
• Are you looking to set up or add to a loan fund that lends to small businesses?
• Could GLE oneLondon's expertise in small business lending help the performance of your fund?
• Are you based in a London borough, or do you expect that a significant proportion of your lending will be to London based companies?
• Can you provide a cash risk deposit (typically 25 per cent of the facility requested)?
• Is your lending targeted at financially deprived companies or individuals?**

What can we offer?

• Very favourable rates of interest (currently 5 per cent calculated solely on the outstanding balance)
• A 50:50 split on all bad debts, with no further risk beyond your initial deposit.
• Over 20 years of expertise in setting up and managing loan funds
• Access to our loan management systems, including custom designed reports on your fund
• Experienced business loans managers to sit on your panels if required
• Sound legal documentation prepared by a leading legal firm
• The ability to set up loans to your specifications

Next steps

• Contact London Business Loans and arrange a meeting
• Prepare a feasibility study / business plan for your fund
• Complete this application form
• Send the application together with the supporting documents listed to:
  London Business Loans, managed by GLE oneLondon, New City Court, 20 St Thomas Street, London, SE1 9RS or email it to wholesaleloans@gle.co.uk

* Interest rates may vary from time to time - correct at 12.01.2009.
**London Business Loans is set up to support businesses in disadvantaged or underserved communities, however we are willing to support funds set up for other purposes.