The chairman of the Start-up Loans Company, former Dragons Den star James Caan has told ITV News that the loans are aimed at, "small businesses for local communities."
He added; "what my primary focus here is to get people up and running so they can start their own businesses so they're not depending on getting jobs."
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Transport Secretary Chris Grayling believes Network Rail should share the responsibility with private train operating companies.
Two vehicles were swallowed up by the sinkhole on Sunday night, killing Dora Linda Nishihara and injuring one man.
Elliott Livingstone, aged three, spent most of his life in hospital before the operation in April.