Backing the Bold
A new program helping impact-led organisations grow their impact and drive better, bolder outcomes for young Queenslanders, with the right tools, knowledge, and funding to power their next step.
Sefa Partnerships have joined forces with Hand Heart Pocket Foundation
to give Social Purpose Organisations (SPOs) the opportunity to:
Build your capacity to
do more good
targeted towards becoming ‘loan-ready’.
We’ll work together to strengthen your
operational and financial foundations.
Access flexible
loan finance
giving you the cash injection you need to stabilise or grow your business.
loans of $50K-200k available.
Who is Backing the Bold for?
Backing the Bold supports both early-stage and established organisations focused on solving social or environmental issues that impact young people in Queensland.
If you answer ‘yes’ to any of the following, you could be a great fit:
Is your business on the cusp of growth, but you haven’t had enough funds to execute on your strategy and achieve your impact ambition?
Are you looking to stabilise your business and diversify your revenue sources?
Have you been considering taking on your first business loan?
What’s included
in the program?
PHASE ONE:
One-on-one advisory + capability building
Once you’re accepted into the program, we will work closely with your team on a 1:1 basis over a period of up to 6 months to build capacity to create more impact.
We will focus on some of the following areas, prioritising the areas where there is the most need:
-
Refining your Theory of Change or impact measurement approach, for example.
-
Establishing strong governance structures or defining new roles, for example.
-
Creating financial reports, developing a budget or forecast and how to use this information effectively.
-
For instance, identifying areas for process improvement and support with implementation.
-
Support developing a business plan or strategic plan, for example.
-
Working with you to determine what to use the loan funds on, how much to take on and the terms.
PHASE TWO:
Loan opportunities
After completing the capacity-building phase, you'll be in a strong position to apply for the loans of
$50K - $200K that are available.
These can be used to boost your organisation's operations and impact.
Eligibility
You must be a social purpose organisation (SPO)
SPOs address social issues through a business model or program.
Backing the Bold is open to organisations with any legal structure (including for-profit, not-for-profit, and others)
Your organisation must deliver products or services that create better outcomes for young people.
You must be based in Queensland or working directly with young Queenslanders.
How your Expression of Interest will be assessed:
The following criteria will be most important in our assessment as to whether you are a good fit for the program:
Social impact is at the core of your business model
Your business has capacity to grow and unlock more impact
The leadership team can actively engage in capacity building
You could be ready to take on a loan in the next year
Register now
Fill out this quick form to receive updates on the Backing the Bold program. You'll be first to know when we start accepting Expressions of Interest.