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Raising finance
Raising finance
An overdraft is usually the best way to finance a temporary or fluctuating cash
shortage. Where a longer-term commitment is involved, a bank loan is often
the easiest and most suitable form of finance.
The Government and the EC may provide financial assistance in some circumstances.
This may take the form of cash grants, tax concessions, help with training or
removal costs, subsidised rents and so on. Assistance schemes vary from year
to year, from industry to industry, and from region to region.
There are many other possible sources of finance available, ranging from debenture
loans to venture capital provided under, for example, the Enterprise Investment
Scheme or Venture Capital Trusts. Alternatively, it may be possible to arrange
finance from a merchant bank, a research foundation or some other financial institution.
When seeking a bank overdraft or loan, applying for certain types of government
aid, or when you want to attract new investors or partners, you will need to
present a convincing picture of your business?s financial condition and future
prospects. A Demacks. Chartered Accountant knows what information is
required and how it should be presented to have the best chance of success.
Sage accredited main dealer
Chartered Accountant
Registered Auditors
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Tel: 0845 226 8237 |
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