Loans can speed up plans
A loan could help you get a project off the ground more quickly.
Applying for grants and fundraising for major projects takes time, which means your beneficiaries could have to wait a while to benefit from your new or improved services and facilities. Or, the idea might become unaffordable or financially unviable as time passes. A loan can help you to put the required funding in place, so that you can start a project sooner.
The time needed to process a loan application will depend on how quickly you and your solicitors can provide the information requested by the lender. Typically though, a loan can be approved within a few weeks of the initial enquiry.