South Bank BID would like to notify members about The Local Business Lending Partnership, a pioneering new scheme to stimulate economic growth and employment in our area through improved access to business finance, run by Lambeth Council and Funding Circle.
As part of the scheme, the council will lend money directly to businesses using Funding Circle, the UK’s leading online marketplace where investors, big and small, can directly lend to small businesses. By cutting out the costs and complexity of banks businesses can get an affordable business loan in a matter of days.
Funding Circle offers loans up to £1 million (£3 million for property finance) repayable monthly with terms from 6 months to 5 years. For details of how to apply for a loan and for further information, visit Funding Circle’s website.