Loan schemes available

Funding is available under two different loan schemes:

1. the Mill House Loans Scheme, and
2. the Social Ventures Loan Scheme.

To qualify for one of these loans, the applicant will need to submit an application under a Mill House program. The applicant may or may not have received Mill House accreditation.

The Social Ventures Loan Scheme is for social entrepreneurs where the enterprise is providing a community benefit over and above a standard business enterprise.

As part of the Social Enterprise Loan Scheme, we understand the pressures of the sector and support required to turn an idea into a thriving reality. That’s why we assess these very much on a case-by-case basis, that may consider the long term view to the earning potential of the venture or previous experience with the Mill House (among other things).

What loan funds can be used for

Depending on the stage of the social enterprise development, loan funds can be used for various purposes, including (but not limited to):

• assisting to develop ideas to a more investible and scalable size (this could include items like developing a mission and problem statement based on input from real end-users, articulating your unique value proposition and how it differs from existing solutions, developing initial marketing and sales channels and/or delivering a minimum viable product or pilot of your business product or services to a real customer)
• additional working capital
• purchase of equipment or stock, and/or
• other asset purchases.

How to apply

To apply for a loan as part of the Social Enterprise Loan Scheme, you need to first complete the online enquiry form. This will prompt you to complete some preliminary information we’ll need to ensure you’re eligible under the scheme and we may make some initial enquiries before requesting you to complete an application form to be submitted for formal assessment.

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