135 Hatfield Road, St Albans, Herts. AL1 4JX :
Phone 01727 859135 : Fax 01727 859135 :
Email: Office@stadcu.org
Phone 01727 859135 : Fax 01727 859135 :
Email: Office@stadcu.org
©St Albans District Credit Union 2004.
St Albans District Credit Union is authorised and regulated by the Financial Services Authority (FRN 213794)
St Albans District Credit Union is authorised and regulated by the Financial Services Authority (FRN 213794)
Business Capital available from St Albans District Credit Union
People starting up or expanding a small business frequently need two things: a helpful source of finance, and good advice. Working with STANTA (St Albans Enterprise Agency) in an arrangement supported by the St Albans District Council, the St Albans Credit Union can provide both.
The Credit Union, a financial co-operative, encourages saving by residents and employees in the District - and provides loans for both personal and business purposes. The loans, provided at a competitive interest rate, are normally up to £5000 and do not need to be secured against collateral assets. Borrowers may repay a loan over a period up to 5 years, but there is no penalty for early repayment. There is no set-up/ arrangement fee and loans are agreed with a minimum of formality. Free life insurance is provided subject to the usual insurance conditions, e.g. exclusion of some pre-existing medical conditions.
Prospective borrowers should be developing a business plan based on advice from STANTA. The Credit Union loans team includes two former bank managers, Arthur Chapman and Derek Calver. Arthur comments: “We are happy to discuss business plans at a formative stage - at no charge to the borrower. We can suggest financing arrangements – which may include using the Credit Union where that is a sensible and competitive solution.”
Business loans can be for all kinds of reasons, such as equipping a rented start-up unit, and putting in place sufficient (but often underestimated!) working capital. So if you are thinking of starting up or expanding a small business – do approach STANTA, and also have a word with the Credit Union about possible finance.
The Credit Union, a financial co-
Prospective borrowers should be developing a business plan based on advice from STANTA. The Credit Union loans team includes two former bank managers, Arthur Chapman and Derek Calver. Arthur comments: “We are happy to discuss business plans at a formative stage -
Business loans can be for all kinds of reasons, such as equipping a rented start-
Contact details:
St Albans Enterprise Agency Ltd, Suite 19 Stanta Business Centre, 3 Soothouse Spring, St Albans, AL3 6PF Tel: 01727 837760, Fax: 01727 851200, advice@stanta.co.uk. Web site www.stanta.co.uk
St Albans District Credit Union Ltd, 135 Hatfield Road, St Albans AL1 4JX, tel./fax 01727 859135, ask to speak to Arthur Chapman or Derek Calver mentioning “business finance”. office@stadcu.org. Web site www.stadcu.org