Loan Calculator

We lend to charities, social enterprises and other organisations where the loan is being used for a social purpose and is able to repay the required loan.

If we don’t believe that we are able to assist you, we can signpost you to other social lenders who may be able to help you or to other sources of finance, for example grant funders.

We may also refer you to social sector organisations who provide investment readiness support, such as the Reach Fund who could provide you with support in order to prepare and submit future loan applications. For example, a governance review or a cash flow forecast.

We charge an arrangement fee, which is typically 1% of the loan amount and payable upon acceptance (deadline for acceptance is 30 days from loan approval), and a commitment fee which also becomes payable once you have signed a loan agreement. The commitment fee is charged on the undrawn balance of the loan between acceptance and drawdown and helps cover the bank’s costs in holding funds available ready for when you wish to draw on your loan – it is typically half the interest margin and payable quarterly.

The legal and valuation costs, and any other fees incurred, will vary depending on the requirements and complexities of each individual case. When you contact us with the details of your project, we will be able to provide a better indication of possible fees involved and we will work with you to ensure that costs are kept to a minimum.