Qualification Criteria

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

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

Term: Flexible, over periods of up to three years. It is anticipated that the loans will be satisfied by 30th June 2012.

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

Fees: An arrangement fee and monitoring fees will be payable.

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

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

Requirements:

• An open dialogue with bankers to the business.
• A viable business plan, which should include: three years profit, cash and balance sheet projections.
• In some circumstances a viability report prepared by an approved independent advisor at the expense of the borrower.
• The following types of business do not qualify:
  • Retail
  • Property Investment
  • Speculative Building
  • Agriculture
  • Coal and Steel
  • Production of Synthetic Fibres

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

For further information please call Paul Wheeler on 0121 200 8195

Advantage Transition Bridge Fund, 10th Floor, Temple Point, 1 Temple Row, Birmingham. B2 5LG

Registered in England No. 5441448