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BUSINESS
FINANCE
SOLUTIONS
UPDATE 2014
BUSINESS FINANCE SOLUTIONS
COMPANY STATISTICS 2012+
Background to BFS
•Business Finance Solutions is a Government-backed, Community Development
Finance Institution (CDFI) and a service of Economic Solutions Group.
•Established in 2002 it has a strong history in providing technical support and
alternative business finance across the North West to Entrepreneurs who wish to
start & grow their businesses.
•BFS has lent £55m to businesses nationally
Finance (£500 - £2,000,000)
• New Enterprise Allowance Loans : £500 - £2,500
• Start Up Loans £500 - £25,000
• Business Loans : £3,000 - £100,000
• Links to debt and equity products £100,000 - £2,000,000
Start Up Loans
• Loans of an average of £6000 up to £25,000
• FREE support with business plans and cash flow forecasts
• FREE Business Mentor
• Special offers from partners; Intuit, Paypal, Ebay and many more!
• Interest at 6%
NEA
•Loans of £500 up to £2500
•Applications come through from the Job Centre
•Blue Orchid provide business support and assist with application readiness
•Interest at 6%
Start Up Business Loans
COMPANY STATISTICS 2012+
Business Loans
The funds are aimed at businesses right across Greater Manchester and the wider
North West who are finding it difficult to raise the finance they need through the
traditional sources – the banks and building societies.
You may have a good business idea that the traditional lenders find too risky, or you
may be in a sector that the banks are not lending to at the moment.
•The loans will typically be between £3,000 and £100,000
•The loan interest rate will be between 10% to 15% unsecured, it will be flexible,
and affordable.
COMPANY STATISTICS 2012+
Worsley entrepreneur gets Start Up Loan to
fund new business
A beauty salon in Worsley
has opened thanks to a
start up loan from Business
Finance Solutions (BFS). Six
new jobs will be created at
the salon which will be open
six days a week. 24-year-old law graduate
Alexandra Morris is now working with a BFS mentor
to help her develop her business. BFS plan to
allocate £15 million to new start-ups across the
North West over the next two years, which they say
will create around 3000 new businesses and over
5000 new jobs in the region.
£60,000 transformation for Daisy Nook
Garden Centre
The family owned business will use the funding
from BFS Business Loans to install a children's
playground and for repair
and maintenance of the
retail areas, which will
enable the business to
have more covers in the
café, increase the current
retail space and reduce energy costs.
Daisy Nook Garden Centre is undergoing a £60,000
transformation to improve its facilities as it looks to
grow visitor numbers and turnover.
Case Studies
COMPANY STATISTICS 2012+
Thank You
Any Questions

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6. Dave Martin - BFS

  • 2. COMPANY STATISTICS 2012+ Background to BFS •Business Finance Solutions is a Government-backed, Community Development Finance Institution (CDFI) and a service of Economic Solutions Group. •Established in 2002 it has a strong history in providing technical support and alternative business finance across the North West to Entrepreneurs who wish to start & grow their businesses. •BFS has lent £55m to businesses nationally Finance (£500 - £2,000,000) • New Enterprise Allowance Loans : £500 - £2,500 • Start Up Loans £500 - £25,000 • Business Loans : £3,000 - £100,000 • Links to debt and equity products £100,000 - £2,000,000
  • 3. Start Up Loans • Loans of an average of £6000 up to £25,000 • FREE support with business plans and cash flow forecasts • FREE Business Mentor • Special offers from partners; Intuit, Paypal, Ebay and many more! • Interest at 6% NEA •Loans of £500 up to £2500 •Applications come through from the Job Centre •Blue Orchid provide business support and assist with application readiness •Interest at 6% Start Up Business Loans
  • 4. COMPANY STATISTICS 2012+ Business Loans The funds are aimed at businesses right across Greater Manchester and the wider North West who are finding it difficult to raise the finance they need through the traditional sources – the banks and building societies. You may have a good business idea that the traditional lenders find too risky, or you may be in a sector that the banks are not lending to at the moment. •The loans will typically be between £3,000 and £100,000 •The loan interest rate will be between 10% to 15% unsecured, it will be flexible, and affordable.
  • 5. COMPANY STATISTICS 2012+ Worsley entrepreneur gets Start Up Loan to fund new business A beauty salon in Worsley has opened thanks to a start up loan from Business Finance Solutions (BFS). Six new jobs will be created at the salon which will be open six days a week. 24-year-old law graduate Alexandra Morris is now working with a BFS mentor to help her develop her business. BFS plan to allocate £15 million to new start-ups across the North West over the next two years, which they say will create around 3000 new businesses and over 5000 new jobs in the region. £60,000 transformation for Daisy Nook Garden Centre The family owned business will use the funding from BFS Business Loans to install a children's playground and for repair and maintenance of the retail areas, which will enable the business to have more covers in the café, increase the current retail space and reduce energy costs. Daisy Nook Garden Centre is undergoing a £60,000 transformation to improve its facilities as it looks to grow visitor numbers and turnover. Case Studies
  • 6. COMPANY STATISTICS 2012+ Thank You Any Questions