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There are many reasons why a business may want to raise finance. To consolidate, expand, diversify or simply make adequate provision for any large one off payments. External funding is usually available provided you can demonstrate the financial performance of your business. We can help businesses to prepare the necessary plans and forecasts that will ensure any lenders will be reassured and convinced when they are approached.

BCG has strong relationships with specialist funders in the hospitality market. These relationships will help to facilitate the financing raising process both in terms of speed and successful conclusion. If you have visions of growth we can help you realize those dreams and put the finance you need in place to make it possible.

Comprehensive planning is an essential ingredient for the success of any business. A factor that, without professional guidance often causes considerable difficulty is raising adequate external finance. This issue is often most keenly felt by smaller businesses which may find securing appropriate and affordable funding both confusing and time consuming. Although sources of finance may appear to be scarce, with the guidance of our dedicated team of professionals the problem of obtaining adequate funding for an initial investment, future growth or expansion, should prove less daunting.

The sources of funding will depend on the size of the business concerned and the level of funding required and may include:

Overdraft

Borrowing from a bank by way of overdraft remains the simplest form of external funding. However, as an overdraft can be called in at short notice, its use should generally be restricted to short-term cash flow funding, with longer-term needs met by more-secure loans.

Term loans

Fixed-term loans may provide a better solution to fund start-up costs, since repayment schedules and interest rates can be agreed and budgeted for from the outset. Such loans are usually secured by personal guarantee or by a fixed charge over land and buildings, debtors or plant and machinery. For smaller companies, the lender may also require personal guarantees from the directors or controlling shareholders.

Other loans

Loans may also be available from sources including local authorities. The Small Firms Loan Guarantee Scheme assists businesses to obtain loans by providing a government guarantee of up to 85% against default on loans of between £5,000 and £250,000.