Sustainable Employment Loan Fund.
Access to capital is one of the biggest barriers to growth for social enterprise. We’re determined to bridge the gap between purpose-driven businesses and social impact investors with the development of a new $5 million loan fund.
The Sustainable Employment Loan Fund (SELF), a patient capital fund has been designed to give jobs-focused social enterprises access to low-cost finance to grow their businesses and create more jobs for disadvantaged Australians.
Loan sizes will range from $100,000 to $500,000 with a focus on lending that can enable job creation for people who face barriers to employment, while also strengthening the financial resilience of the social enterprise.
Westpac Foundation, a major advocate for jobs-focused social enterprise, will provide $500,000 to support the establishment of the fund. A further $1 million in first capital loss will also be committed once White Box raises $4 million.
The SELF is based on successful examples of similar funds in Australia (now defunct) and overseas. White Box will work alongside other catalytical impact investors to build the pool of funding that will be available for social enterprises and entrepreneurs. The fund aims to provide finance on flexible terms at affordable rates for social enterprises whilst also paying investor returns.
For more information on the Sustainable Employment Loan Fund, contact Mark Daniels.
1/309 North Quay, Brisbane 4000
PO Box 590, Fortitude Valley 4006
Cremorne Jobs Hub
Building 3, 658 Church St,
Richmond, VIC, 3121
Social Enterprise District
– Mt Gravatt
1030 Cavendish Rd,
Mount Gravatt 4122
White Box is always on the lookout for people that have social enterprise in their blood. We don’t have any positions open at the moment but we are always recruiting. Find out more.
Acknowledgement of Country
We are proud to work with social enterprises all over Australia. We acknowledge and pay our respects to the Traditional Owners of the land we work and live on, recognising that Sovereignty was never ceded. We pay our respects to the First People of this country, their culture and Elders past, present and emerging.