Community Chest | Good Finance

Community Chest SITR

Community Chest

Contact: 
Kevin Caley
Phone: 
07710 131458
Community Chest Limited
3 Charter Point Way
LE65 1NF. Ashby de la Zouch
United Kingdom
GB

Community Chest arranges loans that attract 30% tax relief for investors through Social Investment Tax Relief (SITR).

We are a peer to peer lender specialising in commercially viable social businesses with charitable or community objectives.

  • Unsecured loans from £100,000 to £750,000 for viable business projects
  • Businesses must be run through a charity, a community benefit society or a Community Interest Company
  • Interest rate is set by an auction (typically between 2% and 10%)
  • Interest is payable monthly
  • Capital cannot be repaid until after the 3rd anniversary of draw down and then should be repaid during years 4 and 5
  • Must have a workable plan to repay the loan on time
  • Facilitates the involvement of a crowd of supporters/investors but with a single point of contact for the borrower