Business Funding
Some of the questions that need to be considered, as part of the business plan process relative to business funding, include:
- How is the business funded at present?
- What are your projected sales over the next 3 years?
- Details of your current borrowings from banks, finance companies, hire purchase commitments and other loans
- Details of any debtors’ financing/factoring facilities that you may have.
- Details of any inventory financing facilities that you may have.
- Do your Cashflow Forecasts indicate that you should be trying to raise additional funds?
Next month we’ll discuss organisational matters.
