COVID-19 Loan Fund expanded & improved

The Resilience and Recovery Loan Fund, offered by Social Investment Business, has been expanded and improved to make more loans of between 1 and 3 years available to charities and social enterprises affected by the coronavirus pandemic.

It offers:

• Maximum loan amount now £1.5m (minimum still £100k)
• Interest-free & fee-free for the first 12 months
• Faster than applying for a standard loan.

Information about the loans, together with links to other possible sources of funding which may be more appropriate, is given by Charity Bank, one of the delivery partners, here.