Big Issue Invest Opens New Loans Programme (England) – Deadline: Rolling
Big Issue Invest has launched a new fund to help charities and social enterprises grow their social impact. The Impact Loans England programme is designed to help organisations grow, diversify, or buy new assets.
Investment details:
• Flexible loans of between £20,000 to £400,000 are available with up to 20% as a grant,
• Repayment over 1 to 8 years,
• Interest rate between 7.5% - 8.5%,
• Potential for up to 12 months of initial interest-only period,
• No early repayment charges. Consideration will be given for most purposes for impactful organisations, including refinancing existing debt.
The Fund is particularly looking to invest in areas of poverty that have a greater need for support, including those working in marginalised communities, and those led by Black, Asian, minority ethnic and/or disabled people.
Organisations interested in applying must in the first instance register their interest on the Big Issue Invest website.
More information at: https://www.bigissue.com/invest/impact-loans-england