Loans can speed up plans
Fundraising for major projects takes time, which means people have to wait a while to benefit from your great ideas. Or, the idea might become unaffordable or unviable as time passes. A loan can help you act sooner.
Imagine a charity providing homes for the most vulnerable, who are looking to expand. They could save for the new home using donations and income, or they could build a deposit and then use a loan to finance the balance, allowing the income from the new property to cover the monthly loan outgoings.
Your business plan will be designed to make sure the numbers add up, and that you can afford to repay. It will give your trustees the chance to examine the “what ifs” and plan for the future with confidence.