A successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, over or under-capacity, or missed opportunities.
Every business owner needs a planning adviser who has the time and space to take the long view and advice on appropriate courses of action before it is too late. With experience advising the local business community we have a wealth expertise for you to draw on. We can offer advice and assistance in setting up and understanding:
- Bank loans
- Overdraft facilities
- Invoice discounting
- Equity finance
- Venture finance
- Enterprise Finance Guarantee
Under the Enterprise Finance Guarantee, the Government guarantee lending to viable businesses to help them get the working capital and investment that they need. It supports bank lending of 3 months to 10 year maturity and is available to UK businesses with a turnover of up to £41 million where they are not easily able to access the finance they need. It is available for finance of between £1,000 and £1 million. The guarantee can be used for new loans, to refinance existing loans where the loan is at risk due to deteriorating quality of security, or to convert an existing overdraft into a loan to release capacity to meet working capital requirements. It has also been expanded to cover invoice financing and overdrafts.
Delivery of the Enterprise Finance Guarantee and the decision on whether or not it is appropriate to use it in connection with any specific lending transaction, is fully delegated to the participating lenders. There is no automatic entitlement to receive a guaranteed loan and nor is there any pre-qualification process for it.
For more information on whether your business may be eligible you can go to the GOV.UK Enterprise Finance Guarantee page.