But what type of finance is best suited to the development of your business, and who should you approach for funding? We provide guidance below on types of finance available and outline the planning required before approaching any financing solutions.
If the following challenges sound familiar to your business then we are on standby to assist you:
We can identify sources of equity funding for all businesses, from those needing start up capital, through to those established businesses looking to fund expansion. We can assist you in your presentation to potential funders and preparation of forecasts and business plans. We can help you establish an indicative valuation for the business, and assist you in your negotiations with funders. We can do what is required to ensure that your business gets the funding it needs to reach its objectives.
We can also assist in raising equity from public markets. We are FCA registered and are able to authorise Financial Promotions in accordance with s21 FSMA, as well as act as Reporting Accountants on AIM listings.
Debt and banking options
We are experienced in advising on raising new debt for acquisitions, capital expenditure, working capital or anything else. We can assist in identification of and liaison with potential lenders, preparation of forecasts & business plans, presentations to lenders, negotiations with lenders and financial and commercial input to legal documents. We are also skilled in advising on renewal and suitability of existing banking arrangements, including currency and interest rate hedging, pricing, security and money transmission proposals. The Bishop Fleming Corporate Finance team also has significant experience in supporting businesses through recovery situations and strong contacts within each of the banks’ corporate support credit teams.
Our corporate finance team can also look beyond normal equity and debt funding, with its deep knowledge of the availability of grant funding. Over recent years we’ve assisted businesses throughout the region to access over £20m of capital and revenue grant funding. We have expertise in identifying potential sources of grant finance for any business, and have an excellent success record in applying for grants.
Many businesses are finding it difficult to secure finance through traditional borrowing means. We have partnered with Capitalise, a business funding platform, to help businesses raise finance by providing access to 100+ lenders. Find out more about Capitalise here.
Accountancy firm, Bishop Fleming has become the latest leading professional services firm to join Caple, a network of experienced and professional advisors and European specialist in SME growth credit, Bishop Fleming will work with Caple to provide businesses with long term growth credit that fits their specific needs.
Caple interacts with SME clients through a network of advisors, such as Bishop Fleming. As a partner, Bishop Fleming can access the Caple platform to allow a client's business plan and financial model to be taken through the complete credit process with Caple, from initial contact to a funded offer. Find out more about Caple here.