It’s means of funding that allows individuals to make their ideas a reality with the power of the crowd.
Subject to assessment, if you are successful in securing a loan the funds should be available to you within 4 to 6 weeks of the date the original application was received.
Exclusions The loan facility is not available to businesses seeking to refinance existing financial arrangements or to address long outstanding creditor positions, including HMRC.
The public can back your idea with pledges of money and project owners can ‘thank’ their backers with rewards that reflect the money contributed. It’s means of funding that allows individuals to make their ideas a reality with the power of the crowd.
Crowdfunding enables people with great ideas to raise the money they need, in return for ‘rewards’. Pledging – All the while, people who believe in your idea pledge money in return for a reward that they’ll receive if your project succeeds.
Financial aid is available for the support of the development of cooperatives or employee-owned businesses and social enterprises in the UK for general business needs, including loans on property, business purchase, capital equipment and working capital.
ICOF’s primary purpose is to enable people to own and democratically control the businesses in which they work, or which operate in their local community.
loans ranging from £50,000 to £2.5 million are available or up to £3.5 million for housing associations.
The interest rate and charges on borrowing depend on the size, type and length of a loan required. Read more Who can apply: The Charity Bank will lend to any organisation that is a registered charity, as well as to community associations, voluntary organisations, community businesses, social enterprises or a social landlord, as long as the purpose of the loan is charitable.
Applicants must have been in business for at least 18 months.
A commission of 1% of all approved loans is re-invested in to Creative United to develop further programmes to support creative and cultural industries.