The Resilience and Recovery Loan Fund, offered by Social Investment Business (SIB), has been expanded and improved to make more loans to charities and social enterprises affected by the coronavirus pandemic.

It offers:

  • maximum loan amount now £1.5m (minimum still £100k);
  • interest-free and fee-free for the first 12 months;
  • faster than applying for a standard loan

The Resilience and Recovery Loan Fund (RRLF) is a new emergency loan fund which will provide repayable finance to charities and social enterprises who are experiencing disruption as a result of COVID-19 and is intended for such organisations who have an otherwise viable business model.

It has been established to make the Government’s existing Coronavirus Business Interruption Loan Scheme (CBILS) more easily accessible to these entities.

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