Colchester School of Gymnastics

Colchester, UK

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HOW A CAF BANK LOAN HELPED COLCHESTER SCHOOL OF GYMNASTICS

CSG is a charity run sports facility and provides gymnastics classes from grass roots (beginner) level through to Elite (National) level. They also provide pre-school classes to help with a child’s early physical development and Free Running classes, for teenagers to take part in a fun, physical activity, in a safe environment.

To support their mission and meet customer demand, CSG needed to expand their business. Having spent years trying to fund-raise themselves for an extension, and after being turned down on various Grant applications, CSG decided the only way to proceed was to take out a loan.

CSG approached CAF Bank.

Being the home of charity banking, CAF Bank was able to move quickly, securing CSG competitive terms and the right funds at the right rate.

Now 1,800 people a week, double their previous membership, use their facilities, ranging from young children in their early development, to veteran gymnasts.

“We would recommend CAF Bank to other charities.  £200,000 is a lot of money to us and while we were going through a very stressful time trying to run a business, expand that business and deal with things that are normally out of our comfort zone, CAF Bank made the whole process relatively easy”. Andrea Cook, Colchester School of Gymnastics.

If you are looking to accelerate your plans and are considering loan finance, call our charity loan experts now for a free consultation on 03000 123 444.

Loan applications subject to credit assessment. Security will be required.

Charity assets may be at risk if you do not keep up with the repayments for a mortgage, loan or any other debt secured on them.

If you're thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you pay.

CAF Bank Limited (CBL) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered under number 1837656. CBL is a subsidiary of Charities Aid Foundation (registered charity number 268369).