• Applications must be made on an ‘Arrow' formal application form
• You must be unable to obtain either all or part of the finance required from a bank.
• The application must include the following information which is dependant on the type of business.
Sole Trader or partnership
• Business Plan
• Cashflow projections for the next twelve months
• A personal credit search
• Trading Accounts for the last two years for existing businesses
• Six months bank statements for business/personal accounts
Limited Company (new or existing)
• Business Plan
• Cashflow projections for the next twelve months
• Certificate of Incorporation
• Audited accounts for the past two years for existing businesses
• Bank statements for the past six months
• Details of all bank accounts in the company name
• Full names and addresses of all Directors
• The personal guarantees of the director(s) of limited companies are required for the amount of the loan.
Eligibility
• Loans are available to Sole Traders, Partnerships,
Limited Companies, and Social Enterprise organisations
• Most sectors will be considered however there are a few exclusions :
Clubs, public houses, bars, betting and gaming establishments or
activities involving politics, religion, pornography, clairvoyance.
Any business that ‘Arrow' deems unsuitable for public support.
Any business which is illegal. |