Mr. Peter O'Mahony:

There are key areas that we looking at. We would look closely at the last six months' bank statements for activity. That would show us gearing. It would show whether they are operating within their means and it would show any payments that are bouncing or coming backwards and forwards. That is important. We also look for tax compliance because the last thing we want to do is lend somebody €20,000 just to pay a tax bill. It will not push the business forward or help it grow.

The other matter we look at is the funding that they have had in the past to see have they been responsible. If, for example, they had a three-year loan, did they make all 36 repayments and were they a good person to lend to?