Rugby

Loans Programme

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Eligible sports clubs

Sports and Active Leisure clubs in the Berkhamsted area including surrounding villages but excluding Hemel Hempstead and Tring, operating within the terms of the charitable remit. Clubs require to have National Governing Bodies recognised by Sport England.

Purpose of the Loan

Purchase or development of Tangible Assets – buildings, equipment.

Terms of Loan

  • Up to 25% of the total funds required for the project. Project plan to be provided.
  • Variable interest chargeable at 1% above Bank of England Base Rate with a minimum interest rate of 3%
  • Max repayment period 5 years – paid quarterly by instalments
  • Backed by club-owned realisable assets or directors’ personal guarantees.
  • Minimum loan value £500 and the maximum loan value is £15,000.

The initial total loan sum reserved for this project is £50,000.

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