fbpx

Ross Verry

Forum Replies Created

  • Hi there, you should start by documenting a business plan if you haven’t already. That should help you crystallise and prioritise the best growth opportunities and the resources and investment required to execute them. It’s also good to get some independent feedback and if you have an accountant that could be a good place to start. There are a range of avenues where you can seek capital, depending on the type of business you’re in, the maturity of your business, the size of your investment requirement etc. Your accountant will hopefully have some initial views. If you don’t have an accountant or advisor I’m happy to share some thoughts with a bit more info, cheers

    Good morning, sorry to hear of your predicament. Firstly, have you applied for the governments small business cashflow loan? Depending on the size of your business and need, that could provide some immediate access to cash while you deal with the funding of your business longer term. My next suggestion is to speak to your suppliers. If you have a long term relationship with them and some confirmed work ahead, they should recognise that post-lockdown, they will have a viable customer and so be prepared to show some flexibility with your account. My third suggestion is to engage your accountant to help with your loan application if you already haven’t already to 1. Help prepare the business case for the bank 2) evaluate any nonbank lending options in the market. There are providers in the market who consider short (or longer) term business lending