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How To Build An Exceptional SME Recruitment Business

How To Build An Exceptional SME Recruitment Business. Financing . Which is the best facility for my needs?. Overdraft Loan – (Finance for Lending Scheme) Invoice Finance Factoring Invoice Discounting Payroll Finance Single Invoice Finance Friends & Family Private Equity.

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How To Build An Exceptional SME Recruitment Business

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  1. How To Build An Exceptional SME Recruitment Business Financing PKS Consultancy

  2. Which is the best facility for my needs? • Overdraft • Loan – (Finance for Lending Scheme) • Invoice Finance • Factoring • Invoice Discounting • Payroll Finance • Single Invoice Finance • Friends & Family • Private Equity PKS Consultancy

  3. Funding for Lending Scheme • Launched August 2012 to provide £60bn to SMEs • available to all customers who meet existing Commercial credit policy and criteria – no separate eligibility checks • an ongoing 1% reduction in the interest rate over the full life of the loan • available for new loans to both new and existing customers • includes both variable and fixed rate lending • loan terms from 1 year • minimum loan size of £1k (£25k for Commercial Mortgages), compared to £25k for NLGS • the discount under the scheme is available until further notice • standard arrangement fees apply PKS Consultancy

  4. What will the lenders expect from me? • New Start • Capability • Proposition • Investment • Ability to service borrowing • Business Plan & Projections • Security Available PKS Consultancy

  5. What will the lenders expect from me? • Existing Business • Retained Value • Track Record • Future Revenues • Profitability • Articulated plans • Managing of Risk • Contracts • Debtor Concentrations • Security Available PKS Consultancy

  6. Should I review Existing Arrangements? • Anniversary Dates • Evergreen Facilities • Strength of Relationship • Renewal Fees • Security • Stick or Twist PKS Consultancy

  7. I want to compare the market? • Bank or Independent • Arrange a ‘beauty parade’ • Provide a business profile plans and forecasts • Set out expectations of the lender • Agree timescales for a decision • Notice period for existing lender PKS Consultancy

  8. What can I expect from the process? • A responsive market • Professional approach • Clear proposals and indicative terms • Negotiation • Legal Contracts • Company and Personal Security • Arrangement Fees • Exit Fees PKS Consultancy

  9. What conditions or covenants will apply? • Period of the agreement • Facility review limit • Prepayment % • Debtor concentration • Export debt • Non utilisation (no borrowing for a period) • Debtor days • Dilution (credit notes, discounts given) • Net worth PKS Consultancy

  10. What security will I need to provide? • A corporate debenture • A guarantee or indemnity • Full • Limited • Fraud only • Supported • Legal advice PKS Consultancy

  11. Paul Saunders PKS Consultancy M:07515 376556 T:020 7223 4761 E:paulksaunders@gmail.com

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