Some organisations, like social enterprises, are better suited to loans than grants, because they are focused on earning their own income, and so are in a position to pay back loans. Loans also work for voluntary organisations that need to plug gaps before money comes in, those wanting to make major purchases (like a building), or those wanting to increase their capacity so they can bid for contracts from statutory bodies.
The Foundation supports several organisations which offer loan finance to third sector organisations in North East England and Cumbria. They include:
The Foundation may also consider making loans in its own right. If you would like to discuss loan finance, please contact our office on 0191 284 8412.
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