Busi­ness plan­ning and fi­nanc­ing

Wicklow People (West Edition) - - NEWS -

A WORK­SHOP due to take place at Wick­low County Cam­pus to­day (Wed­nes­day, Oc­to­ber 2) aims to de­mys­tify the process of busi­ness plan­ning and rais­ing fi­nance for your busi­ness.

Or­gan­ised by LEO Wick­low, the work­shop is split into two parts and lasts from 9.30 a.m. to 1.30 p.m. at a cost of €10.

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

The work­shop will in­clude gen­eral in­for­ma­tion 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, crowd fund­ing etc. Spe­cific in­for­ma­tion is given on how loans are as­sessed, in­clud­ing the type of ra­tios and ‘what if ’ anal­y­sis that are gen­er­ally ap­plied.

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