Serving the community of North London for over 20 years


North London Credit Union


Business Lending


We have been lending to businesses through the credit union since we began in 1994.


We can help both established and new businesses (although we recommend Financing Start Up Enterprise for new businesses).


Most types of businesses are eligible, providing they can demonstrate to our lending panel they are soundly based and will be able to afford to repay any loan made.


We can lend up to £7,500 per individual (all loans are personal loans for business purposes) directly – so if there is more than one of you, we can loan multiple amounts for the same business, we have lent £60,000 across four partners on more than one occasion.


We also act as referral agents (although we never charge the borrower for this) for other pan-London schemes and are able to arrange loans of up to £50,000.


Interest rates will be quoted if we decide we can offer finance, but will be between 1% a month (12.68% APR) and 1.4% a month (18.2% APR).


The only additional fees which may be payable are for businesses outside Barnet, Enfield, Haringey, Waltham Forest or south Hertfordshire, who need to become a member of the North London Credit Union, via the London Enterprise Club (currently a one-off fee of £35).


For full details of business loans (with no obligation) and to get application forms, please call us on 020 8366 8244 or email


In common with other financial institutions, we are required by law to establish the identity and address of new borrowers.  For further information, please click here.


See how we’ve helped our members with finance for their business here.


Finally – to apply for a business loan through North London Credit Union, you’ll need to complete and submit an application which you can find here. Please ensure that you submit this with all the information requested on the first page of the application along with a membership application which you can find here



Start-Ups & New Businesses



If you are thinking of starting out on your own, or you have been running your business less than a year or two, we recommend the Start Up Loan programme.  In particular, we recommend Financing Enterprise Limited, an official Delivery Partner of The Start Up Loans Company, with all the experience of the North London Credit Union team and our partners behind it.


The programme offers loans at 6%, free business advice and mentoring. You can find out more at


There are no fees or charges associated with this scheme, except interest – if you are contacted by anyone claiming to be able to get you finance under the scheme for a fee or percentage of the loan, it’s a scam.  Get as many details as you can and email



Telephone: 020 8366 8244   Postal address: 3 George Mews, Enfield, Middlesex, EN2 6JA



North London Credit Union


All content belongs to North London Credit Union unless otherwise stated. North London Credit Union Ltd. is a not-for-profit financial cooperative, run & controlled by its members. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Registered Office: 3 George Mews, Enfield, Middlesex, EN2 6JA, registration no. 213809 . Savings are covered by the Financial Services Compensation Scheme (FSCS).



Telephone: 020 8366 8244

Established March 1994