Apply for a loan
Bucks Big Society Bank loans
Summary
Loans are available from £1,000 to £25,000.
Eligible organisations
- Registered charities
- Formaly constituted, but incorpoarted groups or organisations
- Social enterprises, including Community Interest Companies or companies limited by guarantee
Eligible expenditure (this list is not exhaustive!)
- Change in your business model to allow you time to generate more income
- Purchase of equipment to enable your organisation to benefit immediately from the equipment and then to raise the funds to repay the loan
- Projects that will improve the long-term sustainability of your organisation
- Bridging loan/cash flow financing to cover a short-term period until alternative funding is forthcoming
Criteria
Applicants must be able to show
- Community benefit to Buckinghamshire
- Ability to repay the loan
Loan repayment
The repayment period be between one year and five years. You'll need to submit a suggested schedule of repayments with your application form.
What is the cost to you organisation?
- The loan will not be charged interest and will be provided on an unsecured basis
- You will be charged an Associate Fee of 4% of the initial value of the loan in year 1, 3% of the initial value in year 2, 2% in year 3 and 1% in any subsequent years.
- The first payment of the Associate Fee will be deducted from the amount of the loan and a standing order for subsequent Fees will need to be submitted before the loan is advanced.
If you would like to apply for a loan, please 'phone us on 01296 330134 or email btrevitt@buckscf.org.uk to discuss your needs and to obtain an application form.
