Small
Firm Loan
Would a business loan under the Small Firm Loan Guarantee
Scheme
help your business grow?
The relevance of a carefully structured funding proposition is all
too often under-estimated. The borrower must demonstrate to a potential
investor, of the viability of their business proposal. A specialist
funding plan needs to demonstrate compliance with the requirements
of the scheme and of course the banks. Our consultants have wide experience
in meeting these needs. A potential investor would expect to see detailed
information on:
-
Management: of key personnel, their experience, knowledge
of the their industry, age, education and training;
-
Product
or service: full details of the product or service on offer,
the stage of product development, any follow-up products or services;
"
-
Markets:
a full description of the market and its size, customers, competitors,
sales estimates and expected market penetration. Sales forecasts
will need to be supported by concrete evidence and research wherever
possible. Also an explanation of how the business will succeed in
the market against any competition; "
-
The
business: when the business started, achievements to date, previous
borrowing history,existingcommitments,current
bankers;
-
Objectives
and Strategy: the business objectives, timetable and assumptions,
the risk factors, the long term business plan;
-
Financial
Projection:
projections of at least one year's future performance together with
supporting assumptions and evidence [order books, customer enquiries].
Projections will need to include profit and loss account, monthly
cash flowprojections, balance sheets and capital expenditure budget;
-
Finance
required: total funding required based on projections, application
of those funds, repayment assumptions. Purpose of finance, detailing
capital expenditure;
-
Security
Available: what assets are available as security (personal assets
as well as business assets). Also what other assets have been used
as security elsewhere;
-
Management
Information Systems: accounting systems used by the business,
ability to produce accurate and regular management accounts;
-
Principal
Risks: most likely areas of risk and ability to cope with these.
What happens in event of sickness or injury to key personnel?
Our consultants
have submitted a high number of applications and at the present time
have a success rate in excess of 90% in loans being granted. If you
would like to access your business eligibility then contact Blackhall
and let us appraise your project we will ensure that your plans are
prepared quickly and professional without delay and on most importantly
within an agreed budget.
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