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Joining a handful of arts organisations offering no-interest loans to artists and projects, arts services and support organisation Guildhouse recently launched 50 for 50: Double the Love, a funding campaign to establish an interest-free loans for creative professionals.
Approaching its 50th year of operation, the organisation is aiming to raise $50,000 through the campaign with Creative Partnerships Australia’s PLUS 1 program set to double their fundraising efforts.
In addition to Guildhouse’s professional development programs, the interest-free loans will further the South Australian’s organisation support for craftspeople, visual artists and designers.
Access to no-interest loans can give creative professionals and start-up organisations a leg up in the industry, with many Artist Run Initiatives, start-ups, and individual practitioners needing finance to grow in the first instance.
Rae O’Connell, Executive Director, Guildhouse confirming that ‘a small investment can have big returns.’
Arts loans without the catch
Arts organisations are increasingly supporting artists through interest-free loans, creating self-sustaining alternatives to traditional funding models.
29 Apr 2015
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