FAQ

Yes, however it is important that your organisation understands that charities must adhere to certain regulations when borrowing and granting security for borrowings. In addition, it is helpful to ensure that your appointed solicitors are familiar with acting for charities as some of the requirements by law are a little unusual.

SIS will normally lend amounts starting from £10,000 up to £250,000. In certain circumstances, for example property purchase, we may be able to lend more.

SIS does not compete for business with High Street banks. We tend to lend where there is a higher degree of risk and some potential borrowers have not had their needs met fully by High Street banks. A key benefit is that because SIS only provides fixed rate loans, it means that rates will not rise during the term of the loan hence providing certainty during the borrowing period.

SIS loans can normally be repaid over a 7 to 10 year period. The term is fixed at the start of the loan. There are no penalties for early repayment.

We will seek to take security for the loan where appropriate, which may involve securing property you already own or a property you are purchasing with the loan. We don't however seek a personal guarantee.
Taking a security over property acts as a safeguard for us as it means that, should you fail to make repayments under the loan, we have the right to take on and sell the property. Think of it as being like the mortgage you may have over your own property at home, the principle is just the same.