Business Startup Loans

Business Startup Loans

Starting a new business can be a daunting experience especially when there is the requirement for the provision of funding in addition to your own “investment”.

Obtaining the correct professional advice at the outset can be the key to your success, irrespective of whether you are a Sole Trader, Partnership, Limited Company or Limited Liabilty Partnership.

The preparation of a Business Plan is an essential key to any new business. You may have the professional/technical ability in your own field but being employed to becoming a business owner is quite different.

There can be so much to consider – Premises, whether they be freehold or leasehold and the Legal responsibilities therein. Planning Issues, Insurance, Financial Control, VAT, HM Revenue and Customs, Communications – IT equipment, Telephone systems, Utilities, Employment Law, Health and Safety, Marketing, Identifying the Competition, Terms and Conditions of Business – to name only a few.

At CER Business Finance we have the experince to advise and when appropriate to recommend the services of like minded professionals.

Having a comprehensive Business Plan prepared which should also include the Financial Information required by a Lender- Start Up Balance Sheet, Cash Flow Projections, Year End Profit and Loss Account and Year End Balance Sheet TOGETHER with the assumptions which are utilised to prepare the projections, should ensure that together with a professionally prepared submission, your chances of obtaining the required funding are much improved.

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