What is a Bridging Loan and how could it support your organisation?

You have received grant funding for your charity or social enterprise – great news! However, have you considered how to manage the potential cashflow mismatch between the project expenses and the receipt of the funding?

For many of our customers, a bridging loan is an answer.

As one of our Investment Managers, Brian McNee, explains:

“A SIS bridging loan is a short-term loan that provides quick access to funds for social enterprises and charities that need to cover a short-term cash shortfall.

These loans provide the necessary funds to allow the project to progress prior to the receipt of the grant award which are sometimes paid retrospectively by the grant provider, after the organisation has already incurred costs.”

Bridging loans can be used for a variety of other purposes and our team is skilled in tailoring loans to their client’s needs after a chat about your project and requirements.

A further key advantage of a bridging loan is that it can be obtained quickly with minimal documentation. SIS is one of the few providers on the market who offers this type of loan and the flexible nature of the product makes it a logical choice for many of our clients.