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Resources
A library of information and advice to assist you in improving your job performance.
Expert View: Borrowing - How to cash in on being 'unbankable'
By Sue Peters, Third Sector, 18 June 2008
When an organisation applies for a Futurebuilders investment, one of the questions we ask is whether their project is unbankable. And it seems to be a point of confusion for many that the answer we are looking for is 'yes'. The reason is that Futurebuilders was set up specifically to invest in projects deemed unbankable by commercial lenders.
But what does the term 'unbankable' really mean, and is it necessarily a bad thing for third sector organisations to be considered so? It might help to clarify things if we first consider the meaning of 'bankable'. The Oxford dictionary defines it as "certain to bring profit and success". 'Unbankable'...
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