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
Getting a business loan is not only down to having a solid Business Plan but also about you; the bank is giving a business loan to you, not just your business. And this is where the pitch comes in.
Your business loan pitch is your opportunity to present both your business and yourself.
In this clip from a live seminar Rob Warlow from Business Loan Services shares ideas on getting the pitch right.
Annual Financial Statements and the information they contain can be a mystery for many business owners. However, if you know how to read your Accounts and how to calculate certain ratios they can be a goldmine for any business owner looking to improve their financial performance.
Not only that, because your bank will also be checking these ratios you’ll be ahead of the game when it comes to raising business finance.
In this podcast Business Loan Services’ Rob Warlow takes you step-by-step on how to calculate and use these ratios, Debtor Collection Days, Creditor Payment Days, Stock Turnover and Gross Profit Margin Percentage.
When applying for business finance many business owners think that the bank is only interested in the performance of their business, but this is not the case.
In this clip from a live seminar BLS’s Rob Warlow reveals why, when assessing your finance request, the bank is just as interested in you as in your business.
Calculating your Gross Profit Margin percentage is a useful tool to help you identify why your profits may be falling and get you back on track. In this video Rob Warlow shows you how to calculate your Gross Profit percentage and then what actions you can take to improve it and so boost your profits.
Other videos in this series on using your financial statements:
Stock Turnover Ratio
Creditor Payment Ratio
Debtor Days Ratio
Late payment is a serious problem for small businesses but Xero has taken a lighthearted look at the problem by re-working Adele’s song Chasing Pavements as Chasing Payments!
Xero have also launched ChasingPayments which provides tips and hints on avoiding late payment and chasing overdue invoices.
I hope you found the latest editions of the Business Finance Bulletin ‘Brexit Special’ of interest, particularly the five steps you can take to future-proof your business.
In case you missed it you can view it again here:
‘Business Finance Bulletin: The Brexit Special’
One question I was asked last week was whether banks and other lenders are still lending and the answer is simple… yes.
The events of the last two weeks are not a re-run of 2008 and so whilst business investment plans may be under review (as I discussed in the Bulletin), finance is still very much available.
If you have an idea and the only piece of the jigsaw puzzle that’s missing is finance, your options include:
• Commercial mortgages for property purchase
• Short term loans to boost cashflow
• Asset finance to purchase vehicles, plant or equipment
• Crowdfunding for loans up to five years
• … and other finance facilities
Accessing finance is down to planning. That means searching the right finance option for you in good time, preparing a proposal document or Business Plan and ensuring that your financial information is up to date.
Do all this and you’re well placed to get the finance you need.
Of course, if you want to chat through the options available to you, the BLS team will be more than happy to speak to you, just drop us a line or give us a call.
Crowdfunding is a quick and flexible way to raise business finance and fund your growth plans.
Here’s a brief overview on how crowdfunding could help you.
If you want to know how we can help with your crowdfunding finance then drop us a line.
What is a Business Plan? This is a question asked by many business owners who are looking for business finance from their bank. In this clip, Rob Warlow from Business Loan Services shares his thoughts on what a Business Plan is.
Here is another video in a series looking at how to use ratios taken from your Annual Accounts to improve the financial performance of your business.
In this latest video Rob Warlow shares how calculating a Stock Turnover ratio will highlight the time it takes on average to turn-over or sell your stock. Holding on to stock for too long can damage your cashflow so you need to the tools to highlight any potential problems.
In this video Rob takes you through the steps on how to calculate and use this ratio.
You can also learn how to calculate and use a Debtor Collection Ratio and a Creditor Payment Ratio in these two vidoes
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!
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 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.
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.
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.