In response to the coronavirus, Social Investment Business have launched a Resilience and Recovery Loan Fund for social enterprises and charities which have been adversely impacted by the pandemic. The £25 million fund provides emergency loans of between £100,000 to £1,500,000 without requiring personal guarantees and charging no interest fees or interest for twelve months. The Fund is intended to provide working capital until normal business can resume for organisations that are facing financial difficulty. Loans could be used to cover delays in trade payments, or for business modification to meet increase in service demand. The initial £25 million has been provided by Big Society Capital, with loans backed by the Government’s existing Coronavirus Business Interruption Loan Scheme. The closing date for applications is 11.59 pm on the 31st January 2021. Click here
sobus
20 Dawes Road, London, SW6 7EN
Telephone 020 7952 1230
Email info@sobus.org.uk
Registered Charity No.1071089
and Company Limited by Guarantee. Registered in England No.03471416
Sobus is a new Community Development Agency for Hammersmith & Fulham. It has been created through the merger of the Community and Voluntary Sector Association Hammersmith & Fulham (CaVSA) and the Fulham Community Partnership Trust (FCPT). Building on the strengths of both organisations, sobus aims to provide a wider range of support services for local charities, community groups, social enterprises and start up businesses.