YPLN FINANCIAL LOAN SCHEME
Aim of the YPLN Loan Scheme
To provide finance for capital projects which help to improve cricketing facilities for member clubs of the YPLN.
Eligible Projects
Repair damage to buildings, equipment, and playing surfaces
Changing room development
Clubhouse renovation
Social area development
Machinery store
Score box
Improvement in car parking facilities (for cricket purposes only)
CCTV/security shutters (specifically to protect cricket buildings)
Outdoor lighting (for security purposes)
Energy consumption/saving systems
Water consumption/saving systems
Flood defence measures
Machinery
Covers
Sightscreens
Scoreboard
Mobile net cages
Square
Outfield
Drainage/irrigation
Flood defence measures
Non-turf practice facilities
Match play pitches
Amount of Loan
Loans up to £10,000 [while funding lasts] with a repayment period of up to 3 years
Interest
Loans are interest free but will be subject to a small administration fee.
Repayment
The first repayment will be made 30 days after the payment of the loan.
Thereafter repayment will be made in equal monthly instalments by a bankers standing order for the period of the loan
If a club defaults on a repayment defaults the whole of the outstanding loan amount will become immediately repayable
Application Process
A full business plan that includes the project the loan is required for.
Annual Accounts for the last three financial years
Two competitive quotations
Contact via email Rob Richtering administration@yplncricket.co.uk
The Finance Sub-Committee will adjudicate on each application.
Loans only available whilst funding lasts.