Social enterprise business loans: £5,000-£50,000

Are you a non-profit, social enterprise, third sector organisation? DSL could offer you a loan of up to £50,000.

To apply for a loan you will need:

An up-to-date business plan
A cashflow forecast – use our template if you don't have one yet
Previous accounts
A completed application form – you can now apply online!
Confirmation from your Board of Directors that you have the authority to apply for a loan

Why do social enterprises borrow from DSL?

Loans from £5,000 to £50,000
Fixed rate of interest (therefore if interest rates rise your payments won't)
Written quote so you can plan your payments
No annual fees
Can pay back at any time with no penalty payment
Pre and post-loan advice and guidance
DSL is a social enterprise – all profits are recycled

Pictured: Glasgow Wood Recycling

Need help putting your business plan together?

See our templates, which you can use to put your ideas and figures together.

Guidance and support

We provide fair and honest feedback on your business plan – we are there for you after you get your loan too.

Do social enterprises need security for a loan?

DSL wants to ensure we have money to issue loans in the future. This means we have a duty of care to ensure we have a good chance of getting our money back if your social enterprise fails.

We would expect the voting majority of directors to be unpaid and to declare any other benefits they may have.

We do not ask you as a director of the business to be personally financially liable as you will have no personal financial gain (this may be different if you are a shareholder that earns a dividend from the company eg in the case of a CIC – contact us to discuss on 0141 425 2930).

We may ask for:

A charge against a business premises (if you own one)
A bond and floating charge

What is a Social Enterprise?

“An Social Enterprise is a business with primarily social objectives – whose surpluses are primarily reinvested for that purpose in the business – or in the community – rather than being driven by the need to maximise profit for shareholders and owners”.

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DSL Business Finance offers loans to businesses in Glasgow, businesses in Edinburgh, businesses in South Lanarkshire, businesses in North Lanarkshire, businesses in South Ayrshire, businesses in East Ayrshire, businesses in North Ayrshire, businesses in East Renfrewshire, businesses in Renfrewshire, businesses in Stirling, businesses in Fife, businesses in Inverclyde, businesses in Dumfries and Galloway, businesses in West Lothian, businesses in East Lothian, businesses in Midlothian, and businesses in towns and areas including Livingston and Falkirk.