Financial
Control Assured!
Freelance finance directors, plugging the gap between your book-keeper and your accountant.
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Raising Finance You may require funding to provide more working capital for your business, or you may be looking to expand into new premises. You may be unsure as to the differences between leasing and hire purchase, between factoring and invoice discounting. Whatever your requirements, we can guide you through the various options, help you identify appropriate sources of finance, and present the best case to potential lenders and investors. Identifying the best sources of finance We start by helping you identify how much money you need to raise, the timescale for raising it, and why it is needed. Too often businesses go through a fund-raising exercise but dont raise enough money for their medium-term requirements, and so have to start the process again but with a loss of credibility. Or time is wasted applying for the wrong type of finance. We can help you to avoid these pitfalls. We can advise you and help you obtain funding from the following sources:
· Grants depending on where your business is located, and the products or services you are developing, you may be able to obtain grant funding from a number of different sources.· Bank funding funding either in the form of a loan, or overdraft facility, is available if you can demonstrate a sustainable business, sound commercial management and dependable forecasts.· Hire Purchase and Leasing commonly used to fund the acquisition of motor vehicles and, more and more, a wide range of plant and equipment.· Factoring - for some businesses, factoring is an option for raising working capital. We can advise on the implications for your business and help you to negotiate with factoring companies.· Business Angels, Private Investment Syndicates and Venture Capitalists if you are trying to raise more than £100,000 for future growth, particularly in a more risky environment, this may be the best option for you. We can help you prepare your case and guide you through the process.Whatever source of funding you apply for, you will need to be able to demonstrate that you have a sustainable business that will be able to meet its repayment schedule, together with appropriate commercial management and a good track record. This will normally be achieved through the preparation of a detailed Business Plan. Presentations to potentials lenders We can help you to prepare for presentations to potential lenders, letting you know what questions to expect and helping you to prepare your answers. If you wish we can accompany you to meetings and make presentations on your behalf. Negotiating Loans We can also help you to negotiate the most favourable rates and facilities from lenders, including the negotiation of bank covenants. If you would like to find out more about ways in which we can help you please contact us to arrange a free, no obligation meeting by telephoning 01908 258823 or send an e-mail.
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Raising Finance
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