Youth Loan Fund
Thriving communities are always looking at ways to support the next generation and Clann Credo supports them to do this.
As Ireland’s leading Community Loan Finance provider, we can help supply the funds you need for your Community Youth Project. Clann Credo is a not for profit charity which considers the impact your project has on your community.
Clann Credo has loaned over €125m to more than 1,000 community projects nationwide since 1996.
We have a special €5m Community Youth Loan Fund to help community groups access grants and funding by providing them with Community Loan Finance.
Why Clann Credo?
- Affordable interest and repayment rates
-
No Personal Guarantees required
-
No application forms
-
Experienced, regionally based staff, contact details
HERE
- Community impact of project is an important consideration in your loan request
Bridging Loans
Clann Credo can provide a Term Loan for your Community Youth project. This may be: a Capital Equipment Loan for equipment and vehicle purchase; a Working Capital Loan for wages, services and/or materials; a Property Loan, for purchase, construction or refurbishment of property, or a Match Funding Loan to demonstrate that your organisation has sufficient funds to complete a project partially funded by a grant.
Match Funding Loans
Many grants are released following submission of receipts for works completed and paid for. Clann Credo can provide a Bridging Loan to pay for the works done on your project, allowing you to claim the grant. The Clann Credo loan is repaid when your project receives the grant.
1 As of 1st December 2022 - Actual rates and fees depend on individual circumstances and may differ from advertised rate.
Other Benefits from Clann Credo
- FREE 1 year membership for The Wheel (umbrella community group support network)
- FREE Financial Health Check for your organisation
- FREE places on Specialist Workshops for your volunteers and staff
- Access to a range of extra benefits from our partner organisations, The Wheel and TrustLaw.
Under the Credit Reporting Act 2013 Clann Credo is required to provide personal and credit information for Credit Applications and Credit Agreements of €500 and above to the Central Credit Register. This information will be held on the Central Credit Register and may be used by other lenders when making decisions on your Credit Applications and Credit Agreements. The Central Credit Register is owned and operated by the Central Bank of Ireland. For more information, including on how your data is processed, see www.centralcreditregister.ie.