Let RBSS Consulting help you raise finance for your business
Have you given thought to how you will raise capital? This question usually gives rise to anxiety. Do you need help to raise finance? Money is a form of energy, RBSS will get you in alignment with your goals so that you can receive access to finance. Every business is different so the finance that is suitable to you will be different. Will you ask your loved ones or an angel investor? Will it be a traditional or alternative funders? Banks have viable options for entrepreneurs; if you have good credit, liquid assets and collateral. If you don’t have a near-perfect credit score and collateral or security, then perhaps our alternative funders, angels, capital firms or crowdsourcing may be more up your alley.
There are various alternative sources of finance for both start-ups and existing firms that we can introduce you to. We work with these funders all the time and know what they want. We can pick up the phone in awkward and less straightforward situations and speak directly to decision makers. Once you consult with us, we will be able to determine which finance source is the best option for you. As independent brokers and introducers, our loyalty is to you and what’s best for your business. We add value by ensuring you get the best rates for the best kind of finance that may be very different from what you thought you could get, simply because these companies are not high street funders, or they only work with trusted brokers and introducers like us.
What types of access to finance are there for start-up 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.
If you are overwhelmed by all of these options and don't know what to do next to raise finance for your business. Not to worry, that's where our business advisors in Romford can help you.
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 on a slow day you will pay back less and on a busy day you will pay back slightly more. It’s finance that works with the dynamic of your business
Angel Investors/ Equity funding
An angel investor is any person who makes a financial contribution to a start-up 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 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 can benefit from the experience and their networks. You must ask yourself if this approach is right for 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. We live in a global society and there is no sense in limiting your financial growth to local investors. These firms are more lenient in terms of ignoring any personal financial shortcomings. They are more interested in a revolutionary concept.
We find that 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. Service based businesses don’t generally do well on crowdsourcing websites. Creative projects like films and visual art can also stand a chance 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. 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’re more like a safety net that is used rarely, but invaluable in times of need. We can help and 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. You can dip into it any time and only pay for what is used.
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.
Call RBSS now for a consultation.