a different bank for people who want a different world
social impact
Tools with a Mission
Location: Ipswich and International
Loan Amount: £195,000
Date: October 2006
An independent Christian charity sending new and refurbished tools and tool kits all over the world, it had the opportunity to buy the freehold of its 8,000 sq ft rented workshop and offices in Ipswich. By borrowing £195,000 towards the purchase, this helped reduce its costs, as loan repayments were less than the rent.