Clann Credo's €10m Community Sports Loan Fund can help clubs to maximise Sports Capital grants
4th December 2017
The €56 million allocation for the 2017 Sports Capital Programme will provide a much needed boost for more than 1,700 clubs and sporting groups around the country who are set to receive the grants.
Clann Credo, Ireland’s leading Community Loan Finance provider, congratulates all the named recipients of the Sports Capital Grants and can help clubs to boost the benefits of their grants with Community Loan Finance.
“In our experience, even the projects with an approved grant can still face obstacles in accessing the finance which is often needed to access the grants”, says Paul O’Sullivan, CEO of Clann Credo, “We recognise all the effort, hard work and energy that local leaders devote to their communities, and we don’t want finance to be an obstacle to their projects. We can also assist those clubs who were disappointed not to be allocated a Sports Capital Grant.”
Clann Credo is launching a €10 M Community Sports Loan Fund which will offer clubs and sporting groups finance at affordable rates. Many sports clubs find it difficult to access loans on reasonable terms and volunteers are often asked to give personal guarantees or even asked to borrow in their own name. Clann Credo considers the impact your project will have on the community and volunteers are never asked to guarantee a club’s loan.
Clann Credo has already loaned over €10 million to more than 100 amateur sports clubs around the country, providing better facilities, better clubhouses, better training facilities and better equipment.
Some of the sports Clann Credo has funded include: GAA; Judo; Soccer; Watersports; Archery; Baseball; Gymnastics and community field sports.
To see the experience of one club, Stella Maris FC with Clann Credo, Click here