Could loan finance help your Almshouse?
Loans could be used to:
- Renovate and modernise almshouses
- Buy or build a new property
- Support running costs whilst waiting for other funding (bridge finance)
- Fund day-to-day operations (working capital)
- Fund energy efficiency improvements
Dedicated support from colleagues who understand your needs
We’ve lent over £400 million to charities and social enterprises, including 301 loans made to Almshouses and other social housing providers.
“Since joining Charity Bank in 2005 I have been heavily involved with lending to Almshouses. If your Almshouse is thinking about loan finance, please do get in touch.”
Director of Lending at Charity Bank, Director of The Almshouse Consortium Ltd. & Trustee of Huggens College Almshouse
Specialist lender to charities and Almshouses
From urgent repairs to the construction and development of new accommodation, Charity Bank loans have been used to help Almshouses deliver their mission.
Andrew Windsor Almshouse Charity
Michael McAleenan, Chair of the Andrew Windsor Almshouse Charity said: “Charity Bank is ethically compatible with us. The ethos of the organisation sat well with us, and the initial discussions progressed well. The rate of interest was as good as we’d get elsewhere. Our Loans Manager came to visit me at my house. I told him the charity’s requirements and we went forward from there.”
Coventry Church Municipal Charities
CEO and Clerk, Coventry Church Municipal Charities said: “Charity Bank gave our Board of Trustees an immediate confidence in their knowledge of Almshouses, how we work, our structure and our needs. The fact that they are an ethical lender was also important as this aligned with our overall aims and aspirations. Throughout, Charity Bank was transparent about their requirements, understanding and helpful.”
Why borrow from Charity Bank?
Established in 2002 as an independent regulated bank, we have become a trusted partner for social sector organisations and people who want to make the world a better place.
- We are 100% owned by charities and social purpose investors
- We tailor every loan to our borrowers to suit their individual needs and circumstances
- We are dedicated to helping the sector create lasting social impact
- 98% of our customers would recommend us*
*Source: Charity Bank 2021 Borrower Survey
Borrow from a bank for good
Call us directly, fill in the form below or send a brief email and tell us what you do, the amount of money you’ll need and what you plan to use it for.
Your nearest regional manager will be in touch to talk about the sort of loan that would work best for you. We’ll suggest alternatives if a loan from us isn’t the best option.
If it’s clear that a loan could support you, you’ll work with your regional manager to submit a loan application. Our credit team will make the final decision.
Once you receive the loan, your regional manager will be a phone call away should you have any questions. Don't hesitate to keep in touch.