We are particularly interested in proposals which could result in increased employment and economic activity in the Tower Hamlets area. We are able to provide loan funds up to a maximum of 5,000 to assist new businesses and those up to 15,000 for established businesses with a track record. Criteria The Structure of any loan offer and its terms and conditions will be entirely at the discretion of the loan fund panel. Applications from existing or new businesses outside Tower Hamlets can be considered in exceptional circumstances if a clear benefit to the Borough of Tower Hamlets can be shown. The business has been unable to obtain all the necessary finance required from personal or normal commercial sources.
Funds are available for working or fixed capital.
Funds are NOT available to fund past depts. The viability of the project is demonstrated in a detailed business plan. Business counselling and training to help you improve your management skills will be available as required to assist with the ongoing development of the business. Application are over eighteen years of age. Generally loan will be unsecured.