The Social Investment Business has announced running a new loan fund for social enterprises and charities negatively impacted by the coronavirus (COVID-19) pandemic. The Resilience & Recovery Loan Fund (RRLF) is available only for social sector organisations meeting Big Society Capital (BSC)'s governance principles. BSC has invested an initial amount of £25m in the RRLF. The loan fund currently offers term loans of £100,000 to £500,000 with interest rate fees that vary according to the term chosen. The RRLF does not take any personal guarantees and cannot be combined with a loan supported by the government such has the Bounce Back Loan Scheme and the Coronavirus Business Interruption Loan Scheme.