WE ARE PRESENTLY NOT ACCEPTING NEW APPLICATIONS FOR ENTERPRISE LOANS.
From its own revolving loan fund of £1.125million London Rebuilding Society has so far made loans of over £3.5million. At present all of our available capital is out on loan and monthly repayments are insufficient to meet demand. We are therefore not presently accepting new applications for enterprise loans.
If you are looking for finance for your business, then London Rebuilding Society may be able to help you. LRS has several loan funds each with different eligibility criteria. We also manage funds on behalf of other organisations. In general, our loans are intended for social enterprises or those trading in areas of disadvantage.
Does your project/business qualify?
We lend to organisations not individuals. The organisation can be structured in any of the conventional social enterprise forms e.g. Company Limited by Guarantee, Industrial and Provident Society or Community Interest Company. Unlike many social lenders we also make loans to private limited companies that have social, ethical or environmental aims.
Specifically we look for enterprises which:
- Trade in or around the Greater London area
- Have a social, environmental or ethical aim
- Have a business model which generates a surplus
If you’re not sure whether your business would qualify, please contact us, as the criteria can sometimes be quite complex. Answering the questions in this eligibility questionnaire below will also give you a quick idea.
Loan Eligibility Questionnaire
How to apply
Please make an initial online enquiry so we process your application as quickly as possible.
For existing enterprises we need two years' past financial figures (annual Profit & Loss accounts and Balance Sheets), and projected figures (monthly Cash Flow forecasts and annual Profit & Loss accounts and Balance Sheets) for at least the next two years. These should be accompanied by a written Business Plan, describing your business and what you are aiming for with it, and supporting the figures in the projections.
New start enterprises should have detailed plans both financial and operational, backed up by evidence of the market, and of their skills and ability to manage the business.
Other supporting documents include premises leases, sales contracts, funding agreements, etc. as appropriate.
Please e-mail all your documents to us, together with a completed Loan Application Form and send us the £50 Application Fee (if you prefer to do this by electronic transfer, please contact us for bank details). If the application is complete when it is first submitted this will enable us to process it as quickly as we can.
Help preparing the loan application
If you don’t have a business plan or complete financial forecasts, then we can help you prepare them - please see our consultancy page. We also have various online tools to help you get ready for applying for finance.
We have many years experience of assessing business plans, and know what a potential lender is looking for. Please ask us for an assessment of how much this would cost - we can even lend you the money to pay for the work.
Make an enquiry online and we will get back to you as soon as possible.