The Kent Social Enterprise Loan Fund (KSELF) offers Kent’s charities and social enterprises unsecured loans of between £10,000 and £100,000. The scheme is a blended loan and grant fund (30%) with a flat interest rate of 5% with a split between capital and interest payments remaining fixed throughout the term.
Investment readiness and business support is also provided by Kent Community Foundation’s dedicated Investment Fund Manager throughout the whole process.
The aim of the Fund is to spread the culture of social enterprise and break down the barriers which prevent enterprising social businesses from accessing finance. Once finance is repaid, it will be re-loaned and re-invested back in the community.
Key attributes of the Fund:
- Investment from £10,000 to £100,000
- Flexible and tailored packages
- Accessible application process
- Fixed rates and terms
- On-going supportive relationship
- Funds reinvested in the sector
A wide variety of organisational structures can apply including charities, Community Interest Companies, Companies limited by guarantee, Industrial & Provident Societies.
Social enterprises must be operating within the Kent County Council administrative area and be utilising the finance to benefit Kent residents.
For further information and how to apply please click here.
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