ART (Aston Reinvestment Trust) has announced that it has reached £10m in loans delivered to businesses, including social enterprises, based in Birmingham and Solihull.

ART is a Community Development Finance Institution, which was set up in 1997 to fill a gap in the market left by the banks. It was a pioneer of its model of raising a mixture of public sector and private sector funding to lend locally and its way of providing finance for enterprise has not only been replicated throughout the UK, it has also been closely researched by visitors to its Aston Cross base from all over the world including Japan, Korea and Europe.

Since the credit crunch in 2008 ART has seen demand rise substantially, but the good news is that it still has money available to lend.

Loans of between £10,000 and £50,000 are on offer for just about any business purpose, including to support cashflow. All you need is a viable plan and to have been unable to get any or all of the finance you need from a bank. ART will lend on its own, or with others – including the banks — as part of a finance package. Its remit is to support enterprise, helping to boost the local economy and create or preserve jobs.

To apply for a loan call 0121 359 2444 or visit the ART website.

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