Roots to FinanceDavid Milham – ASC Kent

PresentationOverview

• Types of Finance• Information requirements• Maximising success• Questions

Working Capital

• Stock

• Supplies

• Wages

• Customer invoices

• VAT

• Marketing/sales costs

• Loan Interest

Working Capital• Overdraft (Security?)• Invoice Finance (Factoring or Discounting)• Stock Finance• Trade Finance• Specialist funding i.e. Brewery loans• Bridging loans

• Credit Cards – Health Warning!!

Medium term funding

• Plant & Equipment• Vehicles• Furnishing, fixtures &

fittings• Computers• Leasehold property• Training• Research & Development

Medium Term Funding

• Term loans (Security?)• Enterprise Finance Guarantee• Asset Finance (HP, Leasing)• Development funding• Grants - Training

- R&D

- Collaborative projects

Long term Funding

• Commercial Mortgages- Banks, Building Societies, Specialist Lenders

• Equity Finance- Business Angels, Venture Capitalists,

Enterprise Growth Fund,Family &

Friends?

• Pension funds – SIPP’s

Your business needs Finance

So WHAT does the prospective LENDER

need from YOU?

Your business needs Finance

Clearly show thefinance is

AFFORDABLE

Lenders will need• Summary proposal• Business Plan with cashflow• Details of the Directors/owners• Experience• 2yrs Accounts• Management Accounts YTD• Aged Debtors & Creditors• Details of existing loans• 3 months Bank Statements (Business & Personal)• Exit strategy for Bridging loans & Equity investments

Successfully raise finance

• Keep your accounts up to date

• Operate your bank accounts well

• Ensure credit history clean

• Make mortgage, loan & credit card payments on time

• Demonstrate loan is affordable

• Maintain a simple business plan

• Talk to ASC (initial review is FREE)

QUESTIONS?David Milham

ASC Finance for Business01795 591220 faversham@asc.co.uk