Let RBSS Consulting help you raise finance for your business

Every business requires money to function properly. If your business is not making money, despite your best efforts, raising finance for your business could be the solution to this problem. We understand that generating a profit is an important marker for your success and there are several steps you must take in order to confidently ask for a loan from banks, angel investors and alternative funders.

Our aim is to help you get the right business finance, at the right rate and the right time. The following factors must be considered: 

• how much business finance is needed?
• the stage your business is at, i.e. start up, pre-revenue, over two years old, limited company, etc?
• what you need the finance for?
• what kind of business finance it is?
• when do you need the finance by?
• what are the repayment terms?

We will guide you into showing the lender that you have a viable business idea and if backed, they will receive a mutually agreed return on investment (ROI).

Because every business is different, the finance and requirements will vary for each business. If you have good credit, liquid assets and collateral, banks have viable options for entrepreneurs. If you don’t have a near perfect credit score and collateral or security, then perhaps our alternative funders, angels, venture capital firms or crowd-funding would be a better path for you to take. 

Our analysis includes undertaking pre-funding\investment stage diagnostics and advising you on whether or not a business loan, equity funding or an alternative form of business finance is a better option for you.

Lenders will expect to see a business plan and together, we can develop one that includes all the elements required to succeed:

• fully demonstrate your ideas 
• provide in-depth research on your competition 
• include a well-thought out, clear marketing strategy

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get in touch

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Raising finance for start-ups

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​There are various alternative sources of finance available for both start-ups and existing firms that we can introduce you to. Our experienced Business Consultants work with these funders all the time and have a thorough understanding of what they require.

We are accustomed to picking up the phone in awkward and less straightforward situations and speaking directly to decision makers. Once you consult with us, we will be able to determine which finance source is the best option for you.
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We serve as independent brokers and introducers and our loyalty is to you and what’s best for your business. Because we have worked in this industry for many years, we have built firm relationships with our contacts meaning that we are able to acquire the best rates for the best kind of finance. 
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What types of access to finance are there for start-ups, micro and small businesses?

We offer consulting to start-ups, micro and small businesses. There are a number of ways for you to raise finance for your business. Here we explore the common avenues: ​

• Peer to Peer Lenders (P2P)​

​One of the more innovative, modern day forms of raising funds is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. This method is preferable for more established businesses trading for at least two years and gives them an opportunity to raise funds from private investors. RBSS works independently with a number of these P2P lenders and can help you access finance with more certainty of success.

• Merchant Cash Advances

​This is a source of cash available to your business based on bringing forward your future credit and debit card sales. You can raise up to 150% of your future credit and debit card sales. The amount you have to repay will fluctuate depending on how much you process through your terminal. This means that on a slow day you will pay back less and on a busy day you will pay back slightly more. It is finance that works with the dynamics of your business.

• Angel Investors/Equity fundinG

​An angel investor is any person who makes a financial contribution to a start-up, micro or small business. This is also known as equity funding. An angel investor may like your idea so much that they request a stake in your business. They may stipulate that they want to be a silent partner or receive a percentage of the profits over a specified period of time. Business angels usually have excellent knowledge in running a business and you may be able to benefit from their experience and their networks. If you’re not sure about this option, get in touch so that we can advise you. 

• Venture Capital Firms​ ​

Venture capital firms love to work with start-ups that have long term growth potential. They are looking for young businesses that stand to generate large amounts of revenue and higher than average profit margins. If your business is a good candidate for a venture capital firm, we will present your plan to venture capitalists around the world. 
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We live in a global society and, as a result, there is no point in limiting your financial growth to local investors. These firms are more lenient in terms of ignoring any personal financial shortcomings and they are more interested in:

• ground-breaking ideas 
• a business that has the first mover opportunity 
• or a business model that is not common and is ground-breaking

• Crowdsourcing

We find that crowdfunding or crowdsourcing is a viable option for inventors. If you have an amazing new product that is non-existent on today’s market or will have a tremendous impact on humanity, crowdsourcing campaigns are successful for such businesses.

Service based businesses don’t generally do well on crowdsourcing websites. Creative projects like films and visual art have a great opportunity with crowdsourcing. If you have a revolutionary product or visual art project you’d like to launch, RBSS works closely with some of the top crowdfunding platforms and can assist you in preparing your crowdsourcing page.
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We have access to videographers and marketing experts that will make sure your page is shared with as many people as possible.

• BanKs loans​ / Start-up loans

​Bank loans are the most traditional sources of financing available. The drawback of requesting funding from banks is that they require you to jump through what can seem like endless hoops. Traditional banking institutions will request collateral, assets and near perfect credit, before they will even consider your request. The same stringent process will apply to individuals seeking start-up loans.​

• Invoice and Asset Financing

Flexible overdrafts and Revolving Credit Facilities; many banks are reducing or removing overdrafts from small business or offering them at unfavourable rates.  Business overdrafts can be a really useful way of accessing a working capital buffer when you need the cash quickly. For other businesses, they are more like a safety net that is used rarely, but invaluable in times of need.
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We can help you access overdraft facilities where you are only paying for what you use. Revolving credit facilities are similar to an overdraft. You get a pre-approved limit that is ready to go at any time. This translates to giving you the flexibility of dipping into it at any time and only paying for what is used.

• Unsecured Loans

An unsecured business loan is a funding solution which requires no personal or business asset as collateral. They are supported only by the borrower's creditworthiness. In most, but not in all cases a personal guarantee may be required. The terms of such business loans, including approval and receipt, are therefore most often contingent on the business owner or director’s credit score and the credit score of the business.
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Unsecured business loans usually have fixed repayments over a period of between one and five years, with a higher interest rate for shorter-term loans. However, you must still meet income and credit requirements. Unsecured business loans can range from £1,000 to more than £500,000, depending on the size of the business and its credit rating. Some lenders may also offer businesses a revolving line of unsecured credit. You can be a sole trader or a limited company to access unsecured business loans.

• Friends and FamilY

​Do you have a friend or family member in mind that has access to copious amounts of capital? Do you think they’d be open to considering a proposal from you? Would this person(s) make a good business partner? These are queries we will pose while assisting you in securing start-up capital.

 
If you are feeling overwhelmed by all of these options and at a loss as to what to do next to raise finance for your business - fear not as our business advisors in Romford can help you. We offer consulting to start-ups to help them raise finance for their business.

​Would you like to speak with one of our Business Consultants? RBSS Consulting - our business advisors deliver real business solutions and services to businesses in Romford, Essex and all London boroughs.​
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