Co-operative and Community Finance is offering loans of between £10,000 and £85,000 for new or existing co-operatives across the UK to assist with the expansion, setup, or development of a co-operative enterprise.
Loans will only be made to economically viable enterprises that are democratically owned and controlled organisations registered in the UK.
Closing date: Applications can be made at any time
Apply here: Co-op Loan Fund – Unique lending: to co-ops, from co-ops
Security
Co-op Loan Fund is able to make unsecured loans, but will take security if available. We do not take personal guarantees on loans.
Repayment terms
There is no set lending term, as far as is possible loans will be tailored to the business and the capacity to make repayments. The maximum term is usually 10 years.
Special features
Co-op Loan Fund is able to make loans that are flexibly tailored to meet your requirements. Lending by Co-op Loan Fund will be at or near market terms.