How to borrow money safely

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How to borrow money safely

  1. 1. BitesizeHow to borrow money safelyAndrew Jesson, Manager, Unity Trust Bank PlcNational Council for Voluntary OrganisationsSustainable Funding Project
  2. 2. How to borrow money safely Be the Man (or Woman) with THE PLAN
  3. 3. Borrowing for Future Growthand Stability • It is not a “Sin” to Borrow Money • Justify your reasons • Prepare a Business Plan • Consider Security • Borrowing for Growth • Defensive Borrowing
  4. 4. Types of Borrowing • Property purchase • Property Development • Asset Purchase • Working Capital • Franchising • Advice
  5. 5. Things to Remember• Prepare a Business Plan which leaves theBank in no doubt• Do not borrow more than you can pay back• Always have a Contingency Plan• Always keep the Bank informed
  6. 6. Business Plan • Where are you now? • Where are you going? • How do you propose to get there? • Is it worthwhile?
  7. 7. Conclusion • It is still not a “Sin” to borrow money • Borrowing is a “tool” • Consider all options • Have a foolproof plan

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