Emergency loans are available to support UK-based social enterprises and charities that are experiencing disruption to their normal business model as a result of coronavirus/COVID-19.
Loans of between £100,000 and £1.5 million are available for a term of one to five years.
The Resilience and Recovery Loan Fund (RRLF) is a new fund administered by Social Investment Business (SIB) with an initial investment of £25 million from Big Society Capital.
It aims to support social-sector organisations working to improve people’s lives in the UK that are facing a problem because expected income and activity has been delayed or disrupted as a result of the coronavirus/COVID-19 pandemic. The scheme offers emergency loans that can be used as working capital until an organisation’s normal business can commence again. The loans will have no fees or interest for the first 12 months.