Roots to Finance - David Milham
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Transcript of Roots to Finance - David Milham
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Roots to FinanceDavid Milham – ASC Kent
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PresentationOverview
• Types of Finance• Information requirements• Maximising success• Questions
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Working Capital
• Stock
• Supplies
• Wages
• Customer invoices
• VAT
• Marketing/sales costs
• Loan Interest
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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!!
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Medium term funding
• Plant & Equipment• Vehicles• Furnishing, fixtures &
fittings• Computers• Leasehold property• Training• Research & Development
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Medium Term Funding
• Term loans (Security?)• Enterprise Finance Guarantee• Asset Finance (HP, Leasing)• Development funding• Grants - Training
- R&D
- Collaborative projects
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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
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Your business needs Finance
So WHAT does the prospective LENDER
need from YOU?
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Your business needs Finance
Clearly show thefinance is
AFFORDABLE
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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
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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)