Qualification Criteria

Purpose: To assist viable businesses which were facing difficulty in raising finance from normal sources, as a result of the restrictions in the conventional credit market.

Amount: Minimum £50,000, maximum £250,000.

Term: Flexible, over periods of up to three years.

Interest Rate: Variable, but reflected the nature of the risk undertaken.

Fees: An arrangement fee and monitoring fees was payable.

Security: A charge on the assets of the business, and/or a charge on any assets purchased with the loan, was generally taken.

Availability: Only in circumstances where conventional lending sources were unavailable or were already fully committed. Loans could not be used to repay or reduce existing borrowings.

Requirements:

Advantage Transition Bridge Fund limited was jointly financed by Advantage West Midlands and the East Midlands Development Agency.