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Tue 7 Sep 2010
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Arrow Small Business Finance
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Arrow Small Business Finance
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The Arrow Fund Ltd was launched in 1994. At that time it was among the first initiatives to provide finance for businesses to start up or grow in Birmingham's most disadvantaged communities.
With that target in mind, the name Arrow seemed appropriate.
All businesses that have received Arrow loans have previously been refused bank finance.
We work closely with Lloyds TSB to ensure that enterprising people are not excluded from raising finance for business. The unique benefit of Arrow as a loan guarantee scheme is in providing an introduction for small businesses to mainstream banking finance enabling them to access the full range of services on offer from a large financial organisation. Our aims are to create employment opportunities and encourage new business formation in Birmingham.
We lend:
From £1,000 to £7,500
To those who:
- Wish to start a small business
- Own an existing small businesses and want to grow
- Are unable to obtain commercial bank loans
Available to start-ups and existing businesses
Unsecured
Repayment period up to three years with monthly payments of capital and interest
Available for working capital purposes and/or equipment purchase
Must create or safeguard jobs