Loans for working capital

A social enterprise may require additional working capital in three main situations .

• When it has to hold a high level of stock
• When it has to pay its bills before customers settle their invoices
• When there is a large retention on a grant or contract that is only paid well in the future.

Most loans for this purpose are for less than £50,000 but we would consider a higher amount.

• Loans available for up to 90% of the working capital required
• Repayable over fairly short term - usually three years or less
• We will often ask for security in the form of a debenture over the assets of the company
• Usually no fees for taking that security
• Interest rate typically 3.0% to 7.0% + base rate
  

A few clients we have helped

KIMC Training and resource centre Follow this link for more information		Unique Coffee Bar Drop-in centre for young people Follow this link for more information