Overview

Why are you interested in becoming a Trustee?

I intend to help the children and adults who we coach through our entrepreneurial development program to secure loans to begin or expand their businesses. I have spent my life looking for ways to help and this one happens to be a perfect fit. It is a pleasure to be included in such an altruistic venture.

What is the mission of your organization?

The Art Resource Teaching Society exists to promote intelligent, creative thought. Constant evolution of existing programs allows Arts Inc. to ensure quality art and music education are available to local children with the intent of a national presence in years to come. Arts Inc. thrives to instill entrepreneurial values in all program participants while teaching the importance of local community beautification, charity work,and volunteerism for today's youth.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?

Our office will accept applications and they will be evaluated in the following ways: -Statement of need will NEED to be strong -At least 2 business coaches will need to be a major part of this person's intended success and helping them develop as a CEO -Plan for Repayment. (We will find out how they think this money will benefit them as such that it will allow them to repay it in the specified time frame) -We will ask for the business plan, as well as P&L statements or financial projections. These will need to be presented in the proper format and the applicant will need to be able to explain where they get their numbers. -We will look at the history of the company and any outstanding debts against the company's name. This may not cause denial but at the same time, it may. It will not be a credit score evaluation, it is a comprehensive evaluation of the entire public debts of the company.