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Lloyds Bank is partnering with Responsible Finance
To help businesses access the finance they need to grow and better serve their communities.
Lloyds Bank is partnering with Responsible Finance
To help businesses access the finance they need to grow and better serve their communities.
Who can apply for a Community Development Finance Institution loan?
Each CDFI has its own eligibility criteria, but generally you’ll need to:
- Share financial information such as management accounts and cashflow forecasts (the CDFI can help you with this)
- Have no significant unresolved credit or insolvency issues (historic or low value CCJs are not necessarily an issue)
- Provide a personal guarantee or other security for some loans, but these do not always need to cover full loan amount, government-backed guarantee schemes may also be available