ART Helps Birmingham Businesses to Beat the Credit Crunch

Birmingham businesses needn’t lose out as the credit crunch bites, because ART is there as an alternative lender when the banks say “no”. 

ART provides loan finance for enterprise, supporting businesses either alongside the banks, or where the banks have been unable to help.  As the banks become even more conservative in their lending, as a result of the credit crunch, and propose interest rates that put borrowers under increased financial pressure, ART is still there – financially strong and with £1m a year to lend over the next two years. 

Steve Walker, Chief Executive of ART says: “We are in a position to help stop the fall out from the credit crunch in Birmingham, by enabling viable businesses needing to expand or grow in order to remain competitive to still get the money they need.  We can also help with short-term cashflow problems.” 

ART lends up to £50,000 on its own and can help broker a finance package with other lenders to reach higher amounts.  It lends to businesses of any age, of any size, working in almost any sector.

“We are here to support enterprise and to help keep the local economy buoyant,” says Steve.  “And we have kept our investors’ money safe – there won’t be any queues to withdraw money from us!”