Getting the 'right' type of Finance for your business
With significant experience in both banking and business management HC Financial Training is particularly well equipped to help businesses identify and access the type of finance most
suited to their needs and at the best cost for the business. Many businesses have been damaged or destroyed by accessing inappropriate types and sources of finance.
Ensuring you get the right type of finance to help your business grow
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Raising Finance for your Business
As businesses face increasing pressures to maintain cash flows and where necessary bring in outside funding, it is crucial to have the right skill sets to choose the right source of capital, and to convince an external investor.
It is important in the current environment to know :
- What funding is available?
- On what terms?
- Implications and risks of the various funding facilities
This may be a new challenge for some SMEs who have grown historically from internally generated cash flows and now face a funding gap as working capital pressure grows. It is better to be prepared in advance even if external funding does not currently seem a priority.
- Funding types - pros, cons and risks of potential funding types :
- Debt, in many forms
- Equity
- Mezzanine
- Grant aid
- Invoice discounting
- How to approach potential funders and how to persuade them to back your business
- Presenting your business plan to funders - pitching your story
- Maintaining ongoing relations with the bank and other investors