South East England Development Agency (SEEDA)

Robust Business Plans Will Help Firms to Get Their Share of New European Investment Bank (EIB) Funding

Release date: 30/10/2008

As UK banks talk to the EIB to get a share of £4bn in loan finance, announced by Alistair Darling today, Business Link reminds business owners that robust business plans make the difference between being approved or turned down for finance.

Richard Holmes, a Business Link Adviser with over 20 years experience in the financial sector, explains.

"At Business Link we are able to take an objective look at your business, your need for finance and your options. Lenders are unlikely to consider an application for funding without a comprehensive business plan. Our experience means that we know what the lender will be looking for in a business plan and we can help you prepare your plan in the best light possible."

In addition to bank finance, Business Link can explain the other options available to you, such as the Small Firms Loan Guarantee or business angel finance. Or you can download a factsheet on 'Sources of Finance for Small Firms' from www.businesslink.gov.uk/southeast

To book a Clinic with one of Business Link’s specialist Finance Advisers or to request a 'Sources of Finance for Small Firms' factsheet, phone Business Link on 0845 600 9 006 or email info@businesslinksoutheast.co.uk