Hi David Barry:
Qu: We would like to grow company 1 and company 2. We have a working team in place. We need a business loan and let us know what you need on a business plan etc..
My reply: Raising finance is not cheap and you must be prepared to pay fees.
I can on your behalf approach lenders and pass on your proposals together with my written comments.
Working capital/refurbishment capital/equipment capital:
How much capital in total do you wish to raise?
Please break this down between each of the above categories which are:
Working capital: please write the funding needed for:
Day- to- day finance for trade debtors/trade creditors/loans/hp contracts.
Equipment: please write exactly the type of equipment with prices and its purpose in the business.
Refurbishment: please write precisely what is to be refurbished and its approximate cost.
Higher rate of interest, difficult to raise but is repayable over short periods from 5-10 years.
Loan against your property: easier to raise if there is equity and at a lower cost with lower rates of interest but payable over a much longer period.
Sole Practitioner. Interested in accounts/tax/finance.
Hobbies -trading the markets.
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