Bray People

Work­shop on how to plan your busi­ness and ac­cess fi­nance

- Business · Banking · Ireland · Zoom Video Communications · County Wicklow · MFI Furniture Group plc

AN up­com­ing Lo­cal En­ter­prise Of­fice Wicklow work­shop will de­mys­tify the process of busi­ness plan­ning and rais­ing fi­nance for your busi­ness.

The cor­ner­stone of any busi­ness loan ap­pli­ca­tion is the busi­ness plan, which the first half of the work­shop will be de­voted to. Par­tic­i­pants will learn how to write a busi­ness plan for an in­vest­ment pro­posal, grant or loan and the crit­i­cal el­e­ments that must be in­cluded and how to struc­ture the doc­u­ment.

Gen­eral in­for­ma­tion will be pro­vided on the types of loan fi­nance avail­able to small busi­nesses from lenders such as the SBCI (The Strate­gic Bank­ing Cor­po­ra­tion of Ire­land), and specif­i­cally MFI (Mi­cro­fi­nance Ire­land) and the main­stream banks and Credit Unions. In ad­di­tion to this, other types of fi­nanc­ing will be dis­cussed, such as leas­ing, in­voice dis­count­ing and crowd fund­ing. Spe­cific in­for­ma­tion will be given on how loans are as­sessed.

The train­ers will give plenty of tan­gi­ble ex­am­ples of com­mon rea­sons why loans are re­fused, and there will be ref­er­ence made to the mech­a­nism for ap­peal­ing re­fused ap­pli­ca­tion, in­clud­ing the Credit Re­view Of­fice.

The work­shop costs €10 and takes place on­line via Zoom on Thurs­day, Oc­to­ber 8, from 9.30 a.m. to 1.30 p.m. Part one runs from 9.30 a.m. to 11.15 a.m. and will fo­cus on busi­ness plan­ning. Part two, from 11.30 a.m. to 1.30 p.m., con­cen­trates on fi­nanc­ing op­tions, bank re­quire­ments and MFI. See www.lo­ca­len­ter­ for more details.

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