How to raise debt finance to help your business go further
In this webinar, Fund Director Tom Brock and Pascal Fintoni sit and discuss what to expect and what to do when looking for debt finance. Watch the full video and check out the highlights below.
[0.00 - 3.30] Introduction Pascal Fintoni opens up the webinar and introduces Tom Brock including a brief description of what is to be covered in today's webinar.
[3.31 - 10.40] Business Plan Outline Tips and Best Practice Tom outlines his tips and the best practice that fund managers look for while reviewing your applications to finance. This insight from a lenders perspective helps you to see how to structure your business plan and funding application.
[10.41 - 16.18] Prepare - Detail - Presentation Hear some of the easy mistakes companies can make in their financial applications, and things that get lenders nervous, like projection led accounts. Tom covers that being upfront and honest in your application is the best tactic, it will help to create credibility, and the lender will find out anyway.
[16.19 - 19.45] Risk and Mitigants Banks will do some of their own risk assessments, but if you've already outlined it and created a solution or are showing that you're trying, this will help your application. What are risks? The things about your business that keep you up at night.
[19.46 -25.25] The Killer Business Plan This is a breakdown of all of the traits that can be found in a killer business plan. Maybe it's time to reflect on yours and make a few changes!
[25.26 - 28.00] Hints and Tips Tom gives an explicit list of things you MUST do to be successful. You need to be prepared, do your homework. Be ready to offer detail where needed (or come back with that information quickly).
[28.01 - 38.31] Finishing Questions This segment of the webinar focuses on further questions that piqued Pascal's interest, and even the potential for another interview in the future.
UMi Debt Finance Scotland is part of UMi, who take the hard work out of finding and using the best information, expertise and finance to help businesses go further. Our investment centre has managed over £174m, leveraged over £600m of investment from other sources and helped create over 39,000 jobs.
With this loan fund, we are providing an alternative way for SMEs to access funding for their growth projects. The team have a background in funding and helping SMEs as well as extensive networks across the Scottish business community.