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Charity Bank

Charity Bank. Roger Ong Senior Lending Manager. 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

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Charity Bank

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  1. Charity Bank Roger Ong Senior Lending Manager

  2. 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

  3. 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

  4. 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

  5. What Do Lenders Look For? • C Character • A Ability • M Means • P Purpose • A Amount • R Repayment • I Interest - Insurance

  6. 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

  7. 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

  8. 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

  9. 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

  10. Monitoring Systems and Information Required • Annual Accounts • Management Accounts • Cash Flow Forecast • Bank Statements • Aged List of Debtors and Creditors • Annual Reports

  11. Projects

  12. Mull Fishermen's Association Fighting to save a pier

  13. Old Post Regeneration Association Limited - before

  14. Old Post Regeneration Association Limited - after

  15. Energywise Recycling

  16. Contact Details: Charity Bank PO BOX 398 194 High Street Tonbridge Kent TN9 9BD Loan enquiries: 01732 774050 Tel: 01732 774040 Fax: 01732 774069 E-mail: enquiries@charitybank.org Website: http://www.charitybank.org

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