Community Loan Fund for community and not-for-profit enterprises

Many community and not-for-profit groups in the Western Region have worthwhile ideas about how they can improve the socio-economic life of their community. With this in mind, the WDC’s Community Loan Fund has been designed specifically to offer such groups access to capital in order to help make their vision become a reality.

All kinds of projects can be supported. From job creation initiatives including the provision of enterprise space, to health and wellbeing initiatives which improve the physical environment by providing social and recreational amenities or social care services.

Loan amounts ranging from €10,000 to €100,000 are considered and are repaid on an amortised basis by monthly direct debit. We charge a fixed 3% margin for the term of the loan with no arrangement fee. We do not ask for personal guarantees and it would only be in exceptional circumstances that security on the funded asset would be sought.

The term of these loans typically ranges from three to ten years but we will consider shorter terms and, in exceptional circumstances, longer terms if necessary.

The WDC will also consider providing ‘bridging finance’ against approved grant-aid letters of offer.

The WDC does not re-finance existing loans; loans are for new activity.

The WDC does not fund or bridge feasibility studies.

Our Team

Our experienced team are here to assist you.

Recent Projects

See some of the projects we’ve supported below

Assessment criteria

Our key criterion for assessing whether an enterprise will be eligible for funding under the Community Loan Fund is its repayment capacity. The project must also, importantly, deliver a positive social impact, or ‘social dividend’, for its community and the Western Region.

As well as the key criterion explained above, we would also be looking for groups with a strong community spirit, committed personnel, a full-time professional executive and formal legal entity status.

WDC Loan Interest Rates

  • Bridging Finance – EU Reference rate for Ireland plus 1%
  • Community Loans – EU Reference rate for Ireland plus 3%

Current EU Reference rate for Ireland: -0.15*

Interest rates are variable and are reviewed on an annual basis.

* It is WDC policy to use a base interest rate of zero, to which will be added the appropriate margin, when the EU reference rate for Ireland is negative.

Application procedure

If you wish to apply, then you should first of all assess your project against the criteria outlined above.

You will need to forward a completed and signed application form with an up-to-date business plan to:

WDC Investment Fund
Dillon House
Co. Roscommon
F45 WY26


Download our Application Form and Business Plan Guidelines here…

On receipt, your funding application will be assigned to one of our Investment Executives who will carry out all the due diligence work necessary on your application.

Recent Projects

Contact Details:

WDC Investment Fund
Dillon House, Ballaghaderreen, Co Roscommon

094 98 61441

094 98 61443