Third Sector Loans from SASC

The Third Sector Loan Fund has been set up by fund management company Social and Sustainable Capital (SASC) with financing of £13.5 million from the high street bank Santander, £15 million from the social investment bank Big Society Capital and £1.5 million from the social finance company Social Investment Business (SIB).

Loans of between £250,000 and £3 million are available to support registered charities and social enterprises working to improve the economic and social well-being of individuals, particularly those who are vulnerable and disadvantaged, within the UK.

The funding is aimed across diversified sectors such as, but not limited to:

  • Jobs
  • Education and training
  • Healthcare
  • Disability services
  • Children and families
  • Housing
  • Criminal Justice
  • Social and Financial Inclusion
  • Community Development
  • Ageing

The loans can be used for working capital, growth capital, property purchase or renovation and other capital expenditures.

Secured and unsecured loans of between £250,000 and £3 million are available at annual interest rates of between 6% and 12%.

Full details on their website

 

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