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Voluntary Sector North West
St. Thomas Centre
Manchester
M12 6FZ
Tel: 0161 276 9300
Fax: 0161 276 9301
Email: info@vsnw.org.uk
Preferential loan rates for charities and community groups
26 July 2010
Charity Bank is offering charities and community groups a preferential rate for new loans drawn before the 31st December 2010.
Charity Bank is a not-for profit bank that offers finance to third sector organisations, including those that might not be able to borrow from commercial lenders.
The preferential rate being offered is a reduction of 0.5%p.a. on its standard interest rate. Interest rates depend on size, type and length of loan but typically vary between 5.5% and 7.5%.
Since 1995 Charity Bank has made loans of £120 million to over 830 charities, social enterprises and community groups that reach 3,500,000 people through their work.
For more details, or to see if loan finance is right for your organisation contact Charity Bank’s loan team on 01732 774050 or visit www.charitybank.org/loans. For details of Charity Bank’s savings accounts visit www.charitybank.org/savings.
This information does not constitute financial advice. We cannot provide any warranties as to the suitability of this for your organisation. If in doubt, seek professional advice.
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