Charity Bank Loans
Overview
Charity Bank in Northern Ireland delivers on its mission by providing competitive, ethical savings accounts for individuals and organisations which in turn fund the loan finance that supports its social sector borrowers here. It provides loan funding from £50,000 up to £3.5 million, while larger loans can be arranged in partnership with other social lenders.
Who can apply for a loan?
They only lend to organisations based in the UK. They lend to most organisations that have a social purpose and can repay the required loan.
Use of the loan
A loan can be used for any legal purpose which supports the social objectives of the organisation. The loan purpose will be agreed and approved as part of the application process; should circumstances change, the borrower must let us know and any adjustments will need to be agreed.
Their Loans
Loans up to £500k
- Specialist support from our Social Investment Solutions team
- Secured lending up to 70%
- Loans starting at £100,000
Loans over £500k
- Dedicated support from our Impact Lending team
- Secured lending up to 70%
- Charity and social sector specialist
Green Loans
- Dedicated environmental product
- Secured lending up to 70%
- Loans starting at £100,000
Development Finance
- Expertise in development and construction projects
- Secured lending up to 70%
- Housing and non-housing projects considered
They can provide you with contact reference details for similar organisations in your area who have previously taken out loans with them and who would be happy to talk with you.
You can also read first-hand accounts of the loan process on their website: www.charitybank.org/know-how
Visit their website's FAQs to read more.