We offer affordable loans:
- Unsecured loans for a 5-year term
- For amounts of between £20,000 and £100,000
- Can be used for capital or revenue costs.
We offer one of the lowest interest rates in the social investment marketplace. This is currently set at 5%, and is calculated on a declining balance, equal instalments basis.
To help cover the costs of running the programme, we charge a one-off fee which will be taken from your loan when drawn down. This is currently set at 2% of the loan amount.
We offer grants
Side by side with your loan, you will be offered a grant at 18% of the loan amount. So, for a £50,000 loan, you will be awarded a grant of £9,000. By providing a grant with the loan we hope to alleviate the administrative burden on you and free you up to concentrate on impact delivery and long-term sustainability.
We offer business advice and support
A key component of the LEAP is a tailored and structured mentoring package to ensure that you are ready take on a loan. We call this ‘investment readiness’. The structure and focus of this support will vary from one organisation to another, but could be in areas such as business planning, financial modelling, governance, social impact delivery, community finance or marketing.
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