Charity Bank

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Charity Bank
Roger Ong Senior Lending Manager
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How Do You Take The Next Step?

• What is your Mission, Aims and Objectives
• Consider what Legal Structure is most appropriate
  
• Do you need any Authorisation or to be Licensed
• Speak to an Accountant who understands the sector
  in which you intend to operate

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What Information Will You Need?

• Nature of Product/Service
• Competitors
• Market size, growth or decline
• Price comparison
• Management skills and availability
• Staff skills and availability
• Premises rent or buy

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How Can You Plan To Be Successful?

• Fail to plan plan to fail
• Undertake full risk assessment
• Complete risk register
• Undertake cash flow forecast and regularly update
• Quantify terms of trade with suppliers and
  purchasers
• What are your funding streams

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What Do Lenders Look For?

• C Character
• A Ability
• M Means
• P Purpose
• A Amount
• R Repayment
• I Interest - Insurance

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What Do Lenders Look For?

• Balanced business model
• Sound Financial planning
• Appropriate management skills
• Good risk assessment
• Ability to service any borrowing/debt
• Return on their investment
• Sufficient margin of safety

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What About The Future?

• Continually review business model
• Regularly update cash flow forecast and funding
  needs
• Beware of the one large contract
• Impact on funding streams financial political
  beneficiaries
• Management and staff skills and availability

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Uses Of Lending

• Bridging Loans of (grant) receivables
• Short-term working capital purposes
• New development financing
• Long-term asset acquisition, plant, machinery and
  vehicles
• Property acquisition

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Loan Parameters

• Variable rate of interest 6 - 7
• 1 lending fee
• 5,000 - 750,000
• Secured Unsecured
• Unsecured 6 months to 5 years
• Secured 6 months to 25 years
• Valuation security fees

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Monitoring Systems and Information Required

• Annual Accounts
• Management Accounts
• Cash Flow Forecast
• Bank Statements
• Aged List of Debtors and Creditors
• Annual Reports

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Projects
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Mull Fishermen's Association
Fighting to save a pier
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Old Post Regeneration Association Limited -
before
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Old Post Regeneration Association Limited - after
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Energywise Recycling
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Contact Details Charity Bank PO BOX 398 194 High
Street Tonbridge Kent TN9 9BD Loan enquiries
01732 774050 Tel [phone] Fax 01732
774069 E-mail enquiries_at_charitybank.org Website
http//www.charitybank.org