Raising Finance For Smes

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Want to know where to get money from as a small business

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Raising Finance For Smes

  1. 1. Raising Finance for SME’s<br />Steve Waud<br />Angela Hellawell<br />
  2. 2. Raising Finance for SME’s<br />What we do<br /><ul><li>Part of a network of finance providers in the Yorkshire and Humber region
  3. 3. We have funds of over £6million with more funds on the way
  4. 4. Received funding from Europe, UK Government and private investors
  5. 5. We are a not for profit company
  6. 6. We operate in West and North Yorkshire
  7. 7. Loans from £500- £100k</li></li></ul><li>Raising Finance for SME’s<br />Who we help<br /><ul><li>Businesses with a viable business plan – Ltd/partnerships or sole trader
  8. 8. No sector restrictions – any kind of a business will qualify
  9. 9. People with poor credit history or no credit history
  10. 10. People who have been declined by the banks</li></li></ul><li>Raising Finance for SME’s<br />Some Stats<br /><ul><li>New businesses started 52
  11. 11. Jobs created 75
  12. 12. Jobs sustained 59
  13. 13. Existing businesses supported 24
  14. 14. BEF has loaned over £4.65million in the last 6 years </li></li></ul><li>Raising Finance for SME’s<br />How we help<br /><ul><li>We will help develop your business plan
  15. 15. We will turn loans around within 4-5 weeks
  16. 16. Interest rates between 10% and 14%
  17. 17. Our loan process is all on line and so it is easy to apply</li></li></ul><li>Raising Finance for SME’s<br />Meet some of our clients<br />Leeds Brewery<br /><ul><li>£100k
  18. 18. Sales gone £0 from £1.5 million in 3 years
  19. 19. 5 pubs
  20. 20. Employing 50 people</li></li></ul><li>Raising Finance for SME’s<br />Wildacre<br /><ul><li>£75k loan
  21. 21. Sell cosmetics to some the best known quality brands in the UK such as Taylors of Bond Street
  22. 22. Used the money to fund working capital and new equipment
  23. 23. T/o about £600k</li></li></ul><li>Raising Finance for SME’s<br />Witchcraft<br /><ul><li>£1500 loan
  24. 24. Money to set up the
  25. 25. Used the money to fund working capital and new equipment</li></li></ul><li>Raising Finance for SME’s<br />More on how we help<br /><ul><li>Understanding Finance Courses.
  26. 26. One to One support.
  27. 27. Debt Finance management.
  28. 28. Book Keeping.</li></li></ul><li>Raising Finance for SME’s<br />Statement Exhibitions Ltd<br /><ul><li>£6k loan
  29. 29. Design, build, transport and store Exhibition stands and other POS products.
  30. 30. T/O gone from £2K per month to £40,000 in 8 months.
  31. 31. Joint funded with Leeds Credit Union & Princess Trust
  32. 32. Employ 5 full time 2 part time staff.</li></li></ul><li>Thank youAny questions?<br />Steve Waud<br />Angela Hellawell<br />

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