Raising finance to grow your business is not about today, it is about tomorrow. The right finance package can be a positive force within your business, one which can be used to propel your business forward.
Building a bigger, better future… that’s what we do
When you’re looking for finance to grow, a lender will want to see a well constructed Business Plan. A great Plan sets out a clear vision for the future, a future in which you soar above your competition.
Helping business owners soar… that’s what we do.
The whole process of raising finance can be a distraction and divert your attention away from what’s important. With mounting priorities it’s a case of which one has to wait. Typically raising finance is one task that can grind you down.
Making it happen… that’s what we do
No one wants to stay in the same place; it’s boring and monotonous. Growth is much more exciting but getting to the next level takes money and with it a range of financial options to consider.
Taking your business to the next level… that’s what we do
Following on from the first part of “How Do Banks Assess Your Finance Request?”, we now move on to Part 2.
As outlined in Part 1, when applying for business finance, it’s useful to understand what lenders are looking for.
In this second session, we continue our review of the CAMPARI framework which banks follow when reviewing a finance request. We will be sharing the last three elements which focus on the amount you want to borrow, how you’re going to pay it back and how you can reduce the risk the bank is taking.
If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.
If you missed the first part of this mini-series you can check out Part One here.
When applying for business finance, it would be useful to understand what lenders are looking for. In this first of videos, I will be sharing a framework which guides banks when assessing a finance request. Understanding the framework, referred to as CAMPARI, means you can be better prepared when presenting your request.
In Part One, I reveal the first four elements of CAMPARI.
If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.
In Part 2 we continue our look at the CAMPARI framework – check out Part 2 here.
Here is a useful overview from Shawbrook Bank on the changes being implemented on 30th September 2017 in respect of Buy to Let mortgages for those landlords holding more than four properties.
The changes, which are being brought in by the Prudential Regulatory Authority (PRA), will make it more onerous in terms of the information required by lenders when assessing a new Buy to Let mortgage.
If you would like to know more about these changes or wish to discuss how you can apply for a Buy to Let mortgage just contact us.
For more information on short term business loans and whether it can work for you, simply contact us for a no-obligation chat.
It can be frustrating when you are in desperate need of finance to expand your business and you get a resounding ‘no’ from your bank.
Why have they refused?
Very often it’s a reason which, if you had known about at the start of the process, you could easily have addressed.
The old saying ‘forewarned is forearmed’ is very apt in this case.
In this podcast BLS’s Rob Warlow talks about the 7 reasons why a bank would say ‘no’. Take notes and get yourself prepared for the next encounter with your bank!
For many businesses, certain times of the year can be a struggle when it comes to juggling cashflow; you may be a seasonal business, you have a growing list of overdue invoices and to cap it all you may be faced with your quarterly VAT bill or personal and business tax.
What can you do?
Whilst chasing overdue payments is a given it’s easier said than when your customers may be facing exactly the same cashflow crunch that you are.
One little know option is to look at a short term loan.
Short term loans are ideal way of quickly replenishing cash to cover outstanding creditors, Corporation Tax, VAT, PAYE or NI arrears. They can also be used to supplement your working capital requirement to allow you to purchase stock upfront with cash, thereby potentially allowing you to negotiate better terms.
Short term loans can be granted very quickly with a minimal amount of information. Decisions are based on the quality of your credit file, the operation of your bank account and past financial performance.
If your application is approved then funds can typically be released within 24 hours, sometimes the same day. Short term loans are for periods from one month upwards with flexible repayment terms and can either be repaid daily or monthly.
The speed of decision and access to funds does come at a cost in terms of a higher interest rate and fees than you may be used to but these can be offset against the speed of decision and swift access to the funds.
If you’re in need of cash boost and want to know more then get in touch and we can chat through your options.
We continue our look at how you can calculate ratios from your Financial Statements with the Overheads to Sales Ratio.
This ratio will highlight how efficient you are in running your business and help identify red flags where your costs may be running away.
Here are other videos in this series on calculating ratios:
Debtor Days Ratio
Creditor Days Ratio
Stock Turnover Ratio
Gross Profit Margin
When getting a business loan to finance your growth plans your bank will want to see a contribution from you. In this clip Business Loan Services’ Rob Warlow explains why this is important for both the bank and your business.
Has your bank said ‘no’ to your business finance request?
One reason could be that you have no financial information or it’s out of date. In this interview, BLS’ Rob Warlow explains why you need to have financial information in order to access finance.
I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.
Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.
Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.
Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!
Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.