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hi, i have a question
if i want to set up a PLC (public not private) and it has been running for 6 months and i need further finance to expand how to i get it and where is best place to go?
who do i contact?, finance broker?, loan companys over net? high street banks?
i have filled out form 117 showing the 50k capital share
i have got the certificate to borrow
what do i need to show?, say if i have bank statements for last six months showing income of 15k monthly? is this all i need to show with the certificate to borrow??
will companys also ask-
homeowner/unsecured/secured? stuff like this does it not matter as long as i have certificate to borrow??
aslo what about guarantees? i mean what do i need to say?, i hav eno idea where to look for this amount
looking to raise 50k/70k =============
also as this business is running for 6 momths can the small firms loan guarantee scheme help?? IF SO HOW DOES THAT WORK? DO I CONTACT JUST THEM OR STILL GO TO OTHER PLACES =============
Potential investors are likely to want to see more than just a bank account. In effect you could prepare a mini prospectus containing perhaps a recent profit and loss account and balance sheet, preferably audited and a business plan setting out the reason for the funds and the profits and cash flow forecast for the next 12 to 24 months.
Investors will be highly concerned their money is likely to be reasonably safe particularly in todays tough financial markets
At this level of investment then networking with associates might help. You might try any financial advisors you know as they sometimes know of people on their books interested in investments. =============
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