Finding the money needed to start a new business is typically one of the most difficult obstacles new owners face. Banks are declining loans even for well established and profitable companies. Without a previous track record in business, securing a bank loan may be difficult. Banks cite risk factors and increasing costs of servicing small accounts as the primary reasons for minimising their exposure to small businesses. As the small business owner, you must "sell" your business and its capability to repay the loan to the bank.

 

Do you know what banks look for when you apply for a loan? Is it your turnover, your profitability, your growth projections, your cashflow or just the value of the security you can offer? And if a bank says no, what can you do?

 

This event will focus on the following finance concepts, including how to determine which (if any) debt options are appropriate for your business:

• Secured Financing
• Unsecured Financing
• Loan to Value Ratios
• Overdraft Funding
• Asset Financing (Lease and Commercial Hire Purchase)
• Property Financing (Residential and Commercial

 

When

Tuesday, 14 August 2012

 

Time

11.30 am to 1.30 pm

 

Location

Canberra BusinessPoint Shop Front
216 Northbourne Avenue
Braddon, ACT

 

Cost

$50.00 includes lunch and course materials, concessions apply*

 

Bookings

Click here to book.

 

*Can't afford this seminar but would like to be able to attend?  CBP has a concession policy for eligible new and aspiring business operators.  If you require this concession, please contact us on 1300 648 641.

 

Your Facilitators

Vijay Reddy (Dip FP & MFA) is the Practice Manager of WinQuote Wealth, and manages the Financial Planning Division of the organisation. Vijay has had 25 years experience in commercial banking experience with the ANZ, and is the founder of WinQuote Wealth (established 2000). With Vijay's experience in Financial Planning and Corporate banking as well as strong lender relationships, he is able to secure business finance whilst mitigating various risk aspects and presenting your business proposal at its strongest to your lender of choice.

 

Abhishek Maharaj (M Com, B Eco & Fin) is currently the General Manager of WinQuote Wealth, and manages the Finance Division of the organisation. Abhishek has over 10 years experience in the finance industry in such areas of institutional, corporate and consumer lending. Abhishek focuses on building trust based relationships with clients and lenders, offering personalised service designed to deliver specific outcomes. His strategic and unified approach adds tremendous value to clients.