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Finance Options

Working with you, we will explore the finance options that are right for you, and the package we put together for you may include a variety of funding sources.

We can help you to present your proposal for funding in the most effective way, with all the relevant information to hand, to help you achieve the finance you need on the best available terms. Finance options include:

Asset finance
There are likely to be times in your business life when you need to buy assets, such as equipment for a particular job or new furniture for new staff or to smarten up your office as a visual reminder to clients of the professional way you do business.

But you may also be reluctant to dip into your capital that you need for further expansion. Asset finance options, including hire purchase and leasing agreements, can provide a cost-effective solution, allowing you to re-equip without using up your cash reserves.

Cash flow lends

Sometimes if there is insufficient security for borrowings but your business can demonstrate a good track record in generating cash then funding may be available against the cash flow. An example might be where you have spent a lot of money in the past on fixed assets. Your business might have a big depreciation charge but because it is not a cash flow cost your business might now be generating really strong cash flows. A number of lenders like this and we can help present it to them.

Bank overdrafts and loans
Bank overdrafts and loans are the most common sources of external finances available to businesses. Used properly, they provide a simple and effective way of financing the growth of your business.

For example, a bank overdraft can be a useful tool to cover short-term finance needs, perhaps for stocking up on an item that’s only available for a limited period at a highly competitive price. If you need the cash for a longer period, a fixed term will give you certainty of funding, provided that you keep up the monthly or quarterly repayments.

Business angels/venture capitalists
Business angels can be a useful source of capital for new businesses and those with potential high growth. They are wealthy individuals who operate alone or in syndicates. A typical investment for an individual would be £25,000-£100,000 while syndicates may invest up £500,000 or more.

Venture capital firms normally seek to invest very substantial sums, which can open the door to other funding, such as bank loans, but there will usually be conditions attached, such as a seat on your board of directors.

Enterprise Investment Scheme
The Enterprise Investment Scheme, or EIS, is a government initiative designed to encourage private individuals to invest in the UK’s private companies.

Investors qualify for a range of attractive tax benefits to reflect the inherent investment risks, with successful EIS companies offering the potential for strong growth and superior returns.

Invoice discounting and factoring
Invoice discounting is a common finance arrangement with a finance company or bank. The bank or finance company will advance money to a business against its invoices – usually80 or 90 per cent of the value – to improve cash flow, while the business continues to manage its own debtors.

Factoring is a similar arrangement but the bank or finance company will also manage the business’s debtors, providing a collections service to chase unpaid invoices.

Small Firms Loan Guarantee
Sometimes you may need funding for a viable business plan but cannot obtain a conventional loan because you have no assets to offer as security. The Small Firms Loan Guarantee (SFLG) helps to overcome this problem, by providing lenders with a government guarantee against default in certain circumstances.

The SFLG is a joint venture between the Department for Business, Enterprise and Regulatory Reform and a number of lenders. Key features include:

  • a guarantee to the lender covering 75 per cent of the loan, in exchange for a small premium paid by the borrower
  • loans of up to £250,000 and for up to ten years
  • available to qualifying UK businesses with an annual turnover of up to £5.6 million and up to five years old.

If you wish to know more about our corporate finance service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.