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Business Loans

Find out more about East London Credit Union's business loan services

Business Loans

East London Credit Union provides local businesses with loans.  This benefits the East London community as a whole, as your money never leaves the community. Every penny is used to benefit our collective personal and business members.

To apply for a business loan, you will need to agree to our Business Loan Terms and Conditions and supply the following:

  • A completed East London Business Loan application form which incorporates your business plan, signed by all business owners/partners or directors
  • Additional application forms if there are more than 2 owners/partners or directors
  • Copies of personal bank statements for all owners/partners or directors for all bank accounts held for the last 3 months.  Online banking statements are acceptable as long as the print out shows the account no and sort code business bank statements for all bank accounts held by the business for the last 3 months
  • Business bank statements for all bank accounts held by the business for the last 3 months.  Online banking statements are acceptable as long as the print out shows the account no and sort code business bank statements for all bank accounts held by the business for the last 3 months
  • Sales and cost predictions for the business for the next 2 years
  • Annual financial accounts for the last 2 years plus any further draft / management accounts
  • Photocopies of identification and address verification documents for all owners / partners or directors, such as a copy of a driving license, plus proof of address

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Want to speak to us about our Business Loans?

If you would like to speak to us about a Business Loan, please fill in the form below. We look forward to hearing from you.