We are delighted to say that our latest share offer raised over £250,000 from individual investors, who will earn 5% of the sum they invested per annum over the next five years in Community Investment Tax Relief (CITR), whilst their money – distributed in business loans – helps to boost the local economy.
The money from the share offer will be used to leverage additional funding, bringing the total ART has to lend in 2019/20 close to £3m. So, while the year ahead is likely to bring more than the usual challenges to businesses in the West Midlands, ART Business Loans (ART) has money available to help them adapt and survive.
Dr Steve Walker, Chief Executive of ART Business Loans, says: “We have been here for over 21 years lending to viable businesses unable to access the finance they need from the banks. When the going gets tough, we are needed more than ever, and have a track record of helping SMEs to continue trading through loss of customers or markets, as well as glitches in cashflow. In the short term that has protected thousands of jobs and in the longer term helped to create thousands more around the West Midlands.”
Building on the success of this share offer, ART is planning to launch another share offer using CITR through the leading positive investment platform Ethex in the tax year 2019/20.
“We are appreciative of those individuals who choose to invest their money to help us achieve our mission to ensure that businesses with viable plans can access the finance they need,” says Steve. “Our aim is inclusive growth. Interestingly, throughout our history it has not only been local people who have invested in us to support the West Midlands, but people from all over the UK.”April 30, 2019 10:22 am