Charities Aid Foundation (CAF) Venturesome’s Development Fund provides charities, community groups and social enterprises affordable finance from £25,000 to £350,000, repayable over 3-5 years, that can be used for:
- cashflow support to build the long-term sustainability of your organisation;
- development finance to help you grow; and
- building a trading arm to generate income.
To be eligible, organisations must:
- be incorporated in the UK;
- have a clear social mission;
- have been trading for at least one year; and
- have an annual turnover of at least £60,000.
Interest rate of 6.5% and an upfront fee of £1,500 also apply. Use the free loan calculator on the link below for a detailed example of how your loan could look.
For more information and how to apply please click here.
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