Are you starting or growing an impact business? Could you benefit from up to £100,000 in loan funding?

Foundation East and the Loan Fund

Foundation East is a not-for-profit organisation that distributes finance to SMEs. It has partnered with The Cabinet Office and Allia to create a specialist fund to support early-stage and growing impact ventures.

Loan Uses

Loans can be used for any genuine business purpose, including:

  • Start-up costs
  • Asset purchases
  • Cash flow
  • Working capital
  • Growth

Loan Size and Rates

Loans from £10,000 up to £100,000 @ 9.5% pa interest (9.9% APR)

Loan Fees & Collateral

There are no loan arrangement fees.

Ventures do not have to offer tangible security, but are expected to commit to repay the loan if the venture is unsuccessful. Strong and achievable business and financial plans are a must!

Application Process

If you are interested, please contact Bob Shimmon at Foundation East, who you can email using the link on the right hand side.

Applications must be made ASAP as all loans must be made by mid-May 2018.