Charity Bank is the world’s first registered general charity that is also an authorised bank. It provides a bridge between people who want to use their spare funds for the benefit of society, and those enterprising community organisations that are best placed to deliver solutions.
Charity Bank lends to:
Charity Bank will consider all requests as long as the purpose of the loan has a social or charitable purpose.
Examples of the uses of loan finance are:
- Short-term working capital
- To bridge (grant) receivables
- To invest in income generating projects
- To buy equipment & vehicles
- To buy property (instead of renting?)
- As expansion finance
Loan profiles:
- Amount of loan from £5,000 to £1,000,000+
- Mixed funding packages
- We will consider finance that other banks might not consider
- Can be used as matched funding by most grant funders
- Loan Brokerage for larger requirements
- Loan periods from 6 months to 25 years
- No charges for repaying the loan early
- Stable rates and affordable rates of interest
- No requirement to transfer banking arrangements