The Co-operative Loan Fund Index page Unique lending - to co-ops, from co-ops The Co-operative Loan Fund aims to strengthen the size and scope of the co-operative sector through the provision of ethical, accessible loan finance. It exclusively lends to co-ops, and is entirely funded and run by co-ops. -------------------------------------------------------------------------------- About The Co-operative Loan Fund The Co-operative Loan Fund aims to strengthen the size and scope of the co-operative sector through the provision of ethical, accessible loan finance. It exclusively lends to co-ops, and is entirely funded and run by co-ops, so unlike many conventional lenders it truly understands and actively supports democratically owned and controlled enterprises. It also reinvests its surpluses to continue its support. Loan applications are welcome from new and existing co-operatives that need between £5,000 - £75,000 of loan finance to: • Set up as a new co-operative • Expand their size and scope • Assist an employee buyout or company succession • Purchase a property or business • Purchase capital equipment or create working capital Special features The Co-operative Loan Fund is able to make loans with initially low repayments of capital and interest. Lending by the Loan Fund will be at or near market terms. Special subordinated loans at or near base rate are available for credit unions. The Loan Fund is willing to take secondary security behind other investors and is also able to make unsecured loans. We do not take personal guarantees on loans. Security The Co-operative Loan Fund is willing to take secondary security behind other investors and is also able to make unsecured loans. We do not take personal guarantees on loans. Repayment terms There is no set lending term, as far as is possible loans will be tailored to the business and the capacity to make repayments. The maximum term is usually 10 years. Borrower criteria Loans are only available to co-operatives. Loans are only made to economically viable enterprises. Funders The company is funded by The Co-operative Group , Midcounties Co-operative and the East of England Co-operative Society, as well as the Co-operative Bank and Co-operative Insurance Society. It is overseen by a board of directors who represent each of the funders. Fund management The Co-operative Loan Fund is managed by Co-operative & Community Finance, which is authorised and regulated by the Financial Services Authority (FSA) in the conduct of investment business. Co-operative & Community Finance has been providing loan finance for co-operatives, employee owned businesses and social enterprises for 36 years. -------------------------------------------------------------------------------- Apply for a loan If you would like to apply for a loan from The Co-operative Loan Fund, please download the application form: Click here to download the application form http://co-opandcommunityfinance.coop/CLF_loan_application_form.pdf Complete it, and send it along with two copies of your most recent business plan to: The Co-operative Loan Fund c/o Co-operative & Community Finance Head Office Brunswick Court Brunswick Square Bristol BS2 8PE Loan applications are welcome from new and existing co-operatives that need between £5,000 - £75,000 of loan finance to: • Set up as a new co-operative • Expand their size and scope • Assist an employee buyout or company succession • Purchase a property or business • Purchase capital equipment or create working capital For further information about The Co-operative Loan Fund, go to the About the Loan Fund page. Alternatively, for further information contact the fund managers, Co-operative & Community Finance, on 01179 166 750, or send an email enquiry to info@co-opandcommunityfinance.coop -------------------------------------------------------------------------------- Latest news Find out about our latest lending news by signing up to our regular newsletter - send an email to info@alpha.coop. Alternatively, you can find all of our latest issues here: http://www.co-operativeloanfund.co.uk/newsletters/CLF_newsletter_issue8.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/CLF_newsletter_issue7.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/CLF_newsletter_issue_6.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/CLF_Newsletter_Issue_5.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/CLF_newsletter_issue4.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/CLF_newsletter_issue3.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/CLF_newsletter_Issue2.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/CLF_newsletter_issue1.pdf -------------------------------------------------------------------------------- Borrower case studies The Co-operative Loan Fund provides financial support to a wide spectrum of a co-operatives, ranging from publishing companies to taxi firms. This page features examples of just some of the many enterprises we have assisted, and the benefit the loan finance has created. http://www.co-operativeloanfund.co.uk/images/case_study_TSWTraining.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/cms_CS.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/porthmadog_CS.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/clockwise_CS.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/unicorn_grocery_CS.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/primepac_CS.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/cambrian_organics_CS.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/community_media_solutions_CS.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/sparks.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/ecosulis.pdf http://www.co-operativeloanfund.co.uk/new_clf_site/images/blooming_futures.pdf -------------------------------------------------------------------------------- Contact The Co-operative Loan Fund If you would like further information about The Co-operative Loan Fund, please contact the fund managers: Co-operative & Community Finance Head Office Brunswick Court Brunswick Square Bristol BS2 8PE (T) 0117 916 6750 (F) 0117 916 6751 (E) info@co-opandcommunityfinance.coop