There is a gulf between the finance that small companies can access and the finance that big companies utilise. The diagram here shows what percentage of companies are using external finance. By ‘external finance’ we mean any funding line from any lender, whether that be asset finance, mortgage, overdraft, factoring or anything else. The diagram
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We are often asked why it takes so long to get a decision on a business loan application. The bottom line is that bankers and entrepreneurs are fundamentally different people, what may be an absolute priority to you probably isn’t to your banker. Whichever way you look at it, you are not going to change
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Obtaining business investment is one of the most challenging tasks a company will undertake, this is especially prevalent for any small business that lacks the board and range of skills often required to secure business investment. In part one of this article we looked at forecasts and what a company needs to give to receive
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We try and explain the basics of why a banker doesn’t always understand the entrepreneur and vise-versa. To obtain business finance you need to have an appreciation for what the business banker thinks, it is unlikely the bank will change so to succeed you need to be understanding, sorry… The first in our series of
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Benefits Of Crowdfunding We have talked about what crowdfunding is before, now we take a look at the benefits of raising business finance through crowdfunding. In our opinion there are two main benefits to using crowdfunding to raise business finance, we will now explain why we think these are real benefits over traditional bank finance.
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