New Recovery Fund Launched
Charities and social enterprises operating 2 years and upwards can apply for loans of up to £1.5m from Social Investment Business (SIB). The deadline is Sunday 21 November 2021 and applications will be reviewed on a first-come, first-served basis. The new Recovery Loan Fund is the successor of the Resilience and Recovery Loan Fund and aims to help organisations affected by Covid-19.
- loans of £100k to £1.5 million with a 1-to-6-year term, and no early repayment penalty
- BAME-led organisations and those in Wales or Scotland can apply for loans upwards of £50,000.
- open to organisations looking to refinance short-term debt – all loan purposes will be considered, including refinancing
For help with any aspect of your charity or social enterprise business finances please don’t hesitate to get in touch. Let’s Talk.