The Fund will also be unable to consider applications from:
- Firms in difficulty (principally businesses in long term decline).
- Retail businesses.
- Commercial property investment.
- Primary industries (agriculture, coal, steel).
As well as the eligibility criteria outlined on the previous page, YFM Venture Finance will also take into consideration when assessing an application:
| The investment by the Shareholders/Directors/Promoters of the business | in the form of equity or loan capital of a similar size to the loan or salary sacrifice. |
| The balance sheet of the company, in particular the levels of: | |
| Debtors | are they factored, are credit control procedures in place |
| Creditors | overdue against terms of payment, possible actions |
| Crown Creditors | PAYE/NIC, Corporation Tax and VAT |
| Bank Relationship | continuation of existing facilities |
| Current Leverage | ability to cover interest and re-payments |
| Current Borrowings | including levels, terms, guarantees, agreements |
If you are in any doubt or wish to confirm your eligibility please contact YFM Venture Finance on 0800 917 1345.
Call us on freephone 0800 917 1345 for further details or email info@theyfmtransitionalloanfund.co.uk.
Click here to complete an application form
