Director of International Development

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Presentation transcript:

Director of International Development J Malcolm Dean Director of International Development Institute of Financial Accountants

Access to Funding

Access to Funding Plan Ahead Do not leave it to late

Access to Funding Identify the reasons for funding Business Purchase Purchase of Equipment Business Expansion

Access to Funding Long Term Funding Short Term Funding

Access to Funding Long Term Funding Business Purchase Purchase of Equipment

Access to Funding Short Term Funding (Bank Overdraft) Finance Working Capital Increase in stocks / work in progress Increase in debtors

Access to Funding Types of Funding Own Savings Loans from friends / relatives Venture Capitalists Invoice Factoring Bank Overdraft Long Term Loans / Mortgages Government Assisted Loans / Grants

Access to Funding Government Assisted Loans Enterprise Loan Guarantee Scheme

Access to Funding Government Grants Grants for Business Investment Research & Development Grants Turn Round Grants Business Development Grants Export Market Research Scheme

For more information about grants contact your local Business Link Access to Funding For more information about grants contact your local Business Link

Access to Funding How to get funding Business Plan Reasons for funding required The amount of funding required Information of collateral / security available Business Projections / Cash Flow Forecast Indicating Key Performance Indicators

Access to Funding How to get funding Information about your experience Marketing Plan Potential Market / Customers Market Trends Competition

Access to Funding How to maintain funding Keep in touch with lender Regular & Timely Financial Information If things go wrong – talk to the lender Do not ignore warning signs

Access to Funding THANK YOU