Web Summary
Q1: What is the address of ART Business Loans?
A1: The exact address of ART Business Loans is not explicitly mentioned in the provided content, but it can be inferred that they are based in Birmingham as mentioned in the "Birmingham Small Business Loan Fund" section.
Q2: What products or services does ART Business Loans offer?
A2: ART Business Loans provides business loans to viable businesses and social enterprises in the West Midlands and adjoining counties. The loans can be used for any business purpose, including asset purchase or working capital.
Q3: In which industry is ART Business Loans operating?
A3: ART Business Loans operates in the finance sector, specifically as a Community Development Finance Institution (CDFI), providing loans to businesses and social enterprises.
Q4: What services does ART Business Loans offer beyond lending?
A4: Apart from lending, ART Business Loans also offers guidance on managing business debt through their "Resources" page and can signpost borrowers to independent Business Finance specialists for advice if required.
Q5: How is ART Business Loans owned and governed?
A5: ART Business Loans is an independent, mutual organisation owned by its members, both borrowers and investors. The investors are philanthropic companies and individuals whose core funding enables the organisation to attract public and private sector support.
Q6: What is the eligibility criteria for a loan from ART Business Loans?
A6: To qualify for a loan from ART Business Loans, applicants must meet the following conditions: they need £10k-£150k, are based in the West Midlands and adjoining counties, and the loan will create or safeguard jobs.
Q7: What is the application process like for ART Business Loans?
A7: The application process for ART Business Loans is straightforward. Applicants will need to provide a viable business plan and a realistic schedule for repaying the loan. They can also contact the organisation directly for guidance or to discuss their application.
Q8: Is ART Business Loans regulated by any financial authority?
A8: Yes, ART Business Loans is authorised and regulated by the Financial Conduct Authority (FCA), with a register number of 723068. This information can be checked on the FCA's website or by contacting them directly.