The fund, offered by Social Investment Business (SIB), offers:.
Maximum loan amount now £1.5m (minimum £100k)
Interest-free & fee-free for the first 12 months (paid by UK Government)
Faster than applying for a standard loan
No penalty on early repayments
Organisations looking to make an online application must meet the fund criteria and also be eligible for the Coronavirus Business Interruption Loan Scheme.
