When you need to raise capital for a business expansion or starting a venture, careful planning and good professional advice is vital.
Not only are there many providers, but also many finance options – such as bank overdrafts and loans, debt factoring, leasing, share issues and venture capital – to choose from. It is generally sensible to spread your commitment over a number of sources to give the business greater flexibility.
When providing finance, most lenders will require some form of security, so great care and consideration must be taken when signing up to any commitment.
The providers will almost certainly request a comprehensive business plan to confirm you are a viable business and are able to service the loan.
At Nicklin LLP, we have the expertise, experience and contacts to consider all options, including any tax implications before recommending a course of action.
Furthermore, Nicklin Business Finance Ltd can help entrepreneurs find new sources of capital. We can provide SMEs with advice on how to take out loans and grants. The service is aimed at anyone who wants replacement or additional finance from sources they may have previously overlooked, and we are here to provide more opportunities for businesses.
For more information about Nicklin and our corporate finance services, please contact us.