What information does CWRT need to appraise a loan?

  • Trading Figures – for existing businesses…accounts for the last 3 years or since the trading began plus up-to-date management information covering the period from the last year-end.
  • Business Plan – an appropriate business plan
  • Financial Forecasts – for the period of the loan (typically 2 or 3 years).
  • CVs – a CV to accompany your business plan will help us to assess the skills, knowledge and experience you have
  • Bank Statements – for the last 3 months.
  • Evidence of Bank Decline – evidence that a bank or similar source has turned down the application for a loan (letter or email is accepted).
  • A completed application form
  • Personal Credit report – for each applicant

If you need templates and/or advice, hints and tips in order to prepare the above, please use our resource centre.

Many businesses may qualify for free one-to-one support offered by the following organisations:

  • Inclusive Enterpise Program visit their website for further details or call 07415 139807 or 07494 442869
  • Creative Enterprise – visit their website for further information or call 024 7615 8300
  • Growth Hub visit their website for further information or call 0300 060 3747
  • Chamber of Commerce visit their  website for futher information or call 02476 654321
  • Nuneaton and Bedworth residents visit their website for futher information or call  07415 139807 or 07494 442869

Posted in: Business Loan FAQs