Social Investment Scotland (SIS) is offering Local Action Groups and successful applicants delivering LEADER projects the opportunity to apply for a bridging loan to cover timing issues.
Covering the spend and receipt period of approved grant monies, loans enable projects to proceed when the secured grant funding is being paid in arrears. Short term finance can be provided at short notice for period of up to 2 years as loans from £10,000 – £250,000 with no security normally required.
SIS will also consider underwriting business loans of £10,000 – £1.5 million that can be used as match funding to unlock the grant.
For further information, please visit the Social Investment Scotland website.