Looking for a loan?

Triodos Bank is actively looking to identify charities that could benefit from competitive loans.

Under the rules of the scheme these charities or enterprises must work with disadvantaged groups or be based in deprived areas. Loans can't exceed £250,000 and will need to be secured with property or guarantees.

The five year, fixed term account, offers savers tax relief worth 8.33% gross to higher rate taxpayers, or 6.41% gross for those paying tax at the basic rate. Investors also benefit from a variable interest rate currently at 2.1%. The bank also offers a range of personal savings accounts and full banking services are available for businesses and charities.

Triodos Bank only finances enterprises which create social, environmental or cultural added value. Key sectors include organic food and farming, renewable energy, social housing and fair trade. Customers can target their savings to particular areas of investment.

( Organisations looking to take advantage of competitive loans under the terms of the scheme should log on to the website www.triodos.co.uk or contact Triodos Bank for more information. Call free on 0800 328 2181 or email business@triodos.co.uk

(from Network News, Mar/Apr 2004)