Trustee: Stuart Mc

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Overview

Why are you interested in becoming a Trustee?
I work with small businesses and entrepreneurs regularly, but generally only ones that are "bankable" and have a desire to raise outside capital. There are many small businesses that provide good economic growth and a living wage, but arent good candidates for startup funding for a variety of reasons. I would like to be able to help trustworthy and motivated people with a simple business idea get started without overleveraging.
What is the mission of your organization?

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?
Borrowers will be recommended based on my personal knowledge of their character, and my belief that they can be financially successful in the business they want to start. Prospective borrowers will be asked to submit: 1) an executive summary of the business, explaining the concept, goals analysis of the industry and competition, and discussion of financial requirements / funds needed; 2) a 3 year pro forma financial projection supporting the business case; 3) a personal financial statement indicating that they meet the program requirements; and 4) a signed statement that all information is correct and accurate to the best of their knowledge and ability, and that the borrower will continue to make their financial information available for my review for the duration that the loan is outstanding.

About Stuart Mc


Total loans: $12,500


All Loans for this Trustee