Loomio
Mon 1 Oct 2018 6:22PM

Should we apply for a £30,000 interest-free 3yr loan / something similar?

LF Luke Flegg Public Seen by 7

It's been a question we've held for a long time.
Especially since I came across CAF's SE-Assist loan scheme that's now expanded to Sussex, I find myself reconsidering this option, since we intend to have exponentially more surplus the further in the future we forecast, yet have a real need to bump start the car now, since we have very limited resources at this stage that we're trying to launch and build momentum in.
Of course we could still apply for grants.

https://www.cafonline.org/charities/borrowing/social-investment/se-assist

DU

Katherine church Tue 2 Oct 2018 6:26AM

We would need to be much clearer on what we would use the money for and how much we need to achieve our objective. Has that analysis been done?

If so then a loan to kick start/ accelerate progress is definitely a good idea.

Katherine

LF

Luke Flegg Tue 2 Oct 2018 9:24AM

Let's chat about it and explore that question when you're next free to get together?