Low-cost business loans
Sharing the Success, the Leeds LEGI programme, is working with Leeds City Credit Union and Business Enterprise Fund to provide low-cost business loans to people who are unable to access high street lending.
Leeds City Credit Union has set up a £200,000 loan fund to provide access to finance exclusively for start up businesses in disadvantaged areas of Leeds. Loans of up to £5,000 are offered to help people finance the initial stages of their business.
In addition to this Business Enterprise Fund offer loans ranging from £5,000 to £60,000 and provide mentoring support for all their customers to help guide new business through the various processes of start up and expansion.