1. Financing your business in a tough world Alternatives to the traditional options on the high street Autumn 2009
2. Traditional routes Overdrafts Loans Asset based lending (HP, factoring) Generally provided by high street banks “Big 4” = 70% + of market in 2007 (Source: Business Banking survey 2007)
4. Banking options Enterprise Finance Guarantee Scheme Replaced SFLGS, similar guarantee for bank (75%) Wider availability to more businesses but still some restrictions (eg insurance, education) – check Still bank’s decision Extra premium payable Plus some banks now have: new mandates to lend change pricing or convert debt to equity (Capital for Enterprise Fund)
42. Number 9 Corporate Venturing Scheme is used by certain large corporates to gain tax reliefs Invest/JV with a small business Both gain something from the arrangement eg access to specialist skills or resources
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44. Negotiate the deal for deferred consideration – you don’t pay for all the business on ‘day 1’
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46. Contact details Kirsty McGregor, Chairman, The Corporate Finance Network For your local firm, visit www.corporatefinance.org.uk/about-us.php