Raising finance for new businesses
Raising a business loan for a new business normally means preparing a business plan and working out the cash flows available to fund loan repayments. It also means considering alternative financial structures and the collaterals and guarantees available as security.
We help new businesses to raise finance by preparing cash flow forecasts, profitability statements, and all the other elements of a business plan needed.
We will also work with the financial institutions to raise the funds.
The occasion will arise in the growth of a business when additional finance may be needed.
Examples:
-An expanding business may need to fund an increase in working capital
-A decision may be made to buy a business property for the long term to avoid rental charges and take advantage of tax relief’s.
-External funds may be needed to finance the purchase of plant and equipment
-Refinancing may be needed to take advantage of lower interest rates. This can allow short term debt or liabilities to be replaced with cheaper longer term loans or by topping up existing mortgages.
Services
We work to extract management accounts for the business, draw up cash flow forecasts and to prepare the business plan that will be needed to obtain loan finance or refinance existing loans.
We will advise on the size and the term of the loan finance required. We will liaise with the financial institutions to ensure you get the best deal available.
