Greater Manchester Centre for Voluntary Organisation - Ongoing
Growing great ideas for good...
Do you have a great idea for a business with social impact?
Is your organisation already delivering social impact and you want to grow what you're doing or expand in a new direction?
We are offering affordable and accessible social investment aimed at small and very small social enterprises and charities that trade, including new organisations.
These loans are designed for organisations who have the potential to add more value to their local communities and grow their social impact. We are looking to invest between £10,000 and £50,000 of flexible, unsecured finance in each suitable applicant, to be repaid over one to five years. There is an arrangement fee of 1%, the interest rate charged is 6.6% flat rate and there are no early repayment penalties. Each investment will combine grants with loans into a simple product to help organisations grow their great ideas. Documents with example repayment amounts, the investment terms and FAQs are below.
We want to help you finance your own initiatives that will kick start growth. This could include:
- Increasing production
- Growing your customer base
- Improving marketing
- Purchase of equipment
- Hiring new staff
- Developing new products
Click on the link below for more information.
www.gmcvo.org.uk/gmsocinvest (External Link)