Are you starting or growing an impact business?
Could you benefit from up to £100,000 in loan funding?
Flyer found here
Foundation East and the Loan Fund:
Foundation East is a not-for-profit organization that distributes finance to SMEs. It has partnered with The Cabinet Office and Allia to create a specialist fund to support early-stage and growing impact ventures.
Loans can be used for any genuine business purpose, including:
- Start-up costs
- Asset purchases
- Cash flow
- Working capital
Loan Size and Rates:
- Loans from £10,000 up to £100,000 @ 9.5% pa interest (9.9% APR)
Loan Fees & Collateral:
There are no loan arrangement fees.
Ventures do not have to offer tangible security, but are expected to commit to repay the loan if the venture is unsuccessful. Strong and achievable business and financial plans are a must!
If you are interested, please contact Bob Shimmon at Foundation East
Applications must be made ASAP as all loans must be made by mid-May 2018.