Carolyn Sims urges charities to consider a loan to enable them to grow services, diversify income streams or make the most of a new opportunity.
It is understandable why charities may be put off by the idea of taking on a loan when they face an uncertain future, particularly if much of their income comes from contracts with the public sector at a time when spending continues to be cut.
But, in the right circumstances and with the right kind of loan, debt can help a charity to thrive and to have greater control over its future.
Trustees and management need to understand what loan finance can offer in order to determine whether it is a suitable option for them... Keep reading on Civil Society
It is understandable why charities may be put off by the idea of taking on a loan when they face an uncertain future, particularly if much of their income comes from contracts with the public sector at a time when spending continues to be cut.
But, in the right circumstances and with the right kind of loan, debt can help a charity to thrive and to have greater control over its future.
Trustees and management need to understand what loan finance can offer in order to determine whether it is a suitable option for them... Keep reading on Civil Society