Whether a business needs to raise finance to fund a start-up, increase working capital, purchase essential plant and equipment, or grow the business through acquisition, access to adequate funding is essential. Moreover, finding the right type of financing for your business is a critical consideration. Different types of loan support different types of project so it’s important to match your project with the correct type of finance.
Our Business Advisory team can help guide you to the correct source of finance whether you are considering:
- Investing in real estate.
- Financing the purchase of equipment.
- Raising extra working capital to meet the dividends of a growing business.
- Financing the expansion of your business.
- Raising capital to buy a new business.
- Using loan capital to avoid diluting an ownership stake.
Typical problems that we come across
Benjamin Franklin is quoted as saying, “By failing to prepare, you are preparing to fail”. Nowhere is this more true than in the field of finance-raising.
Businesses typically only get one chance to present their business to potential funders. Weak or unprofessional business plans rarely get past the initial evaluation stage. When this happens, desperation can set in quickly and the business can be jeopardised.
How we can help
A business plan should have a cogent business description, a competitive market analysis and, most importantly robust financial and cash flow projections which can stack up to detailed scrutiny from the financer.
We understand that whatever your reason for raising finance, there are many variables to consider. You want to access the most cost-effective finance, in a timely manner whilst minimising the risks that finance-raising holds for your business.
For help on raising finance, you can contact Shane Carroll, Director Business Advisory on 021 4321321 or at info@mcavoy.ie
*This article is written in general terms and should not be relied on as a comprehensive summary of the relevant tax law. Advice should always be sought before any action is taken.
