Business Start-up Loans
Setting up a new business brings many potential pitfalls, particularly for the inexperienced or the unprepared. Not least of these challenges is the matter of adequate finance. All too often at BFS we see the results of businesses that have been started with insufficient finance.
In the first flush of enthusiasm for a new business it is easy to get two basic assumptions wrong with regard to that business. The first of these is the time that it will take to generate genuine revenue and particularly profitable revenue. The second is the true costs of setting up and running the business until the aforementioned revenue is generated.
Thus it is essential to ensure that the start-up business has sufficient cash reserves to carry it through the pre-revenue/pre-profit stages. The old saying of “Cash flow is King” was never truer than with a start-up business.
New Business Loan
Our task at BFS is to help the owners/managers of start-up businesses to understand the importance of adequate finance and to help them to find that finance if it is not available through their own resources. In the present economic climate the Banks are more insistent than ever on having high levels of security cover and a track record. For those who cannot offer this, raising the necessary levels of finance is usually a problem. For those finding themselves trapped in this situation there is an even stronger case for giving us an early call. With our detailed knowledge of commercial finance we will often know of a specialist Lender(s) who can provide a working capital solution or the additional cash flow that our client urgently needs.
Call us for a free and frank discussion on the needs of your new business. We will always be please to see if and how we can help.