Most businesses borrow money in order to get started. And as the business grows, further funds are often needed to help fulfill its potential.
Typically the business will have used bank overdraft and loan facilities . But it`s difficult for a new and growing business to raise additional finance without putting up personal assets as collateral. Even then, security alone is not enough – your bank will also want clear evidence that the business will be able to make the necessary repayments.
With our wealth of accounting experience we will provide such evidence by preparing monthly or quarterly management accounts and helping you to compile detailed business plans, financial budgets and cash flow forecasts.
Additionally, through our network of close professional contacts we can assist you in obtaining other forms of finance, including:
- Hire purchase and personal loans
- Sales invoice factoring and discounting
- Leasing and contract hire
- Private investment sources
Raising finance for a business is not easy. But as your accountant we will guide you through the many different approaches that can be made. We will help you to find the money that you need and ensure that it is provided in a form which is suitable and cost-effective for your circumstances. We will also offer tax advice on the decisions you make at every stage of the process.
If you would like to discuss the needs of your business , please contact us