Originally an Industrial and Provident Society, ART SHARE (Social Help Association for Reinvesting in Enterprise) Limited (which trades as ART Business Loans) became a Community Benefit Society under the Cooperative and Community Benefit Societies Act 2014. This means that it is required to act for the benefit of its community – businesses unable to access the finance they need from the banks.
Aston Reinvestment Guarantee Company Limited is a separate legal entity to ART Business Loans. It is a Company Limited by Guarantee (number 2422872). It can provide guarantees in favour of ART for loans made to ART Business Loans and holds certain funds in reserve as provision for bad debts incurred in ART Business Loans lending book. It has predominantly been funded by way of donations and currently holds a reserve of around £220,000. It is a wholly owned subsidiary of ART Business Loans.