Croydon Enterprise Loan Fund

SUPPORTING BUSINESSES IN CROYDON

The Croydon Enterprise Loan Fund is a growth programme designed to support businesses in Croydon to access finance in order to start or grow a business. The scheme is managed by London Small Business Centre and Enterprise for London on behalf of Croydon Council.

The Croydon Enterprise Loan Fund and its partners offer expert practical support to help businesses get ready to apply for finance. Since 2008 the loan fund has gone on to provide £3m of finance to over 300 local businesses that have received loans ranging from £1,000 to £50,000.

Croydon, with its vibrant economy and exciting times to come, is unique amongst the London boroughs, in that it has been operating its own fund dedicated to supporting Croydon based businesses.

To start your application or to make an appointment to see an advisor contact enquiries@enterpriseforlondon.com or call 020 7101 0696.

START-UP LOAN

  • Start up business established under one year
  • Owner/Partner/director must be resident of Croydon Borough OR Business is based in or relocating to the Borough of Croydon
  • Minimum £1000 to maximum £5,000
  • Maximum repayment period up to 5 years
  • Interest rate fixed at 5%
  • Arrangement fee 2%

GROWTH LOAN

  • Existing businesses
  • Owner/Partner/director must be resident of Croydon Borough OR Business is based in or relocating to the Borough of Croydon
  • Minimum £1,000 to maximum £50,000
  • Maximum repayment period up to 5 years
  • Interest rate fixed at 8%
  • Arrangement fee 2%