HOW TO GET FUNDING & GET THE MOST FROM YOUR BANK

As businesses face increasing challenges in extracting funds from banks, this one day course will look at how best to present your business to a bank. The course will also identify sourcing the most appropriate forms of finance, increasing loan & overdraft facilities.

This course will look at issues incl’ giving comfort to the bank and in proving commerciality, viability and the ability to repay finance accessed. The tools to be used in presenting your case.

Other Detail that Bank & Funders May Need

–  Highlighting external & internal variables, the ability to ‘tap’ and use existing resources towards a return  on capital employed.

–  Demonstrating the ability to repay … giving comfort!
–  Supporting assumptions (background detail).
–  Understanding the figures presented and implications of the figures and presenting
them accordingly.
–  Choosing the best form of finance and associated tax implications.
–  Taking the heat out of an overdraft and establishing a better cash flow pattern.
–  Negotiating good business rates and charges  … and an appropriate term of the loan.
–  How to deal with a funder if ‘you’ fall into arrears.
–  Addressing prejudices of bank and giving comfort to bank.
–  Likely questions and how to answer them …
displaying distinctiveness, ability to repay,
type and use of finance, time span.
Question and answer session.

Venue:Westmeath Co Enterprise Board, Church Ave., Mullingar

Time & Date: 9.30-5.00pm 18th April 2011

Cost €30

Trainer: John Dempsey, Chartered Accountant, accredited trainer with extensive experience with small/medium sized businesses, and extensive recent experience with Bank Meetings.

Book your place today on www.westmeath-enterprise.ie/events-calendar

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