How do I Raise Finance?

A turnaround plan will often require additional financing. This finance along with the turnaround plan is instrumental in achieving a successful outcome.

There are two main forms of business turnaround finance. The first is the finance needed to support the company getting through the first weeks and/or months of the turnaround project. The second is finance to support business trading once the turnaround plan has been fully implemented.

Options for finance include key funders in the marketplace, a number of specialist companies and High Net Worth individuals who provide funding to businesses. However, all these lenders will want to see a viable turnaround plan that they can buy into.

We can help you at each step of the process; from identifying your needs, the best funders for your business, the creation and presentation of the financial model for submission to funders and implementing the turnaround plan.

Key Points about Raising Finance

  • There must be a robust and believable plan in place
  • It is important to maintain regular contact with the providers of finance and keep them updated on progress on a regular basis
  • The lender(s) will want to see some clear commercial changes that will demonstrate that your company is a business with a future and worth backing
  • Consider your future growth plan, not just the turnaround plan
  • It is important to understand the the advantages and disadvantages of each option

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