loans / 2 posts found
How to get your bank to say YES!
How much does it cost to get a bank to say "YES!" Sir Mervyn King's £140 billion scheme announced last week to lubricate the banking system and encourage a flow of funds to SMEs and prospective home buyers may not have resulted in an overnight about-turn on the part of the bankers, but there is no doubt now that the balance of probability has shifted in favour of businesses who are prepared to invest. Along with the Treasury, Sir Mervyn's plan involves two tranches of support for the banking system: £5 billion a month in cheap six-month loans to banks [...]
Business Plans
Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. It is one of the most important aspects of starting a new business. Your plan should provide a thorough examination of the way in which the business will commence and develop. It should describe the business, product or service, market, mode of operation, capital requirements and projected financial results. Preparing a business plan will help you to set clear objectives for your business and clarify your thinking. It will also help to [...]