Moving Beyond Grants.……
Carol Botten CEO of VONNE attended a funding and finance event for social enterprises and charities in Redcar last week during which we learned more about the specialist loan finance provided by Charity Bank.
They make loans of between £50k & £4m to charities, social enterprises and other organisations where the loan is being used for a social purpose.
- Charity Bank lend to small and large organisations at competitive rates.
- Loans generally secured on property assets.
- Repayment term of up to 25 years in line with your needs.
- Loans approved via team of local relationship managers.
- Bank is for and owned by social purpose organisations, trusts and foundations.
One organisation which has used loan finance to help them grow, diversify income and support the long-term sustainability of the organisation is local charity EVA Women’s Aid:
EVA Women’s Aid: the UK’s first safe house for women over 45 facing domestic abuse
Since 1987, EVA Women’s Aid has been supporting women and their families in Teeside, who are, or have been, victims of domestic or sexual abuse and violence. We work with women of all ages. Some are aged 80 and over and have been subjected to violence and psychological control all their adult lives. Sadly many women believe that there’s no way out for them. We help them to see that there is.
Women over 45 have different needs to younger victims and we have found that when they are housed together, the older women tend to take on a maternal role. Often this is at the cost of their own needs, which we wanted to ensure weren’t overlooked. So we opened the UK’s first safe house specifically for victims of domestic and sexual abuse over 45. A Charity Bank loan helped us purchase the property, which is now a place of refuge helping mature women who have been suffering in silence to change their lives.
Richinda Taylor, CEO of EVA Women’s Aid
Charity Bank are keen to help more charities and social purpose organisations in the North East. If you think a Charity Bank loan might help support the continued growth of your organisation the please contact: