Working with our network of contacts and partners in the financial world, we will assist businesses to identify appropriate forms of finance, and offer realistic advice on the likelihood of success.

McBrides takes a pragmatic approach to this increasingly challenging issue for businesses, and never promises more than it can deliver. Talk to us about your situation, your requirements and you may find that we can help you find a solution by thinking “outside the box”.

With funding options for small and medium sized enterprises (SMEs) remaining scarce, due to the tightening of lending criteria by banks, many small businesses are resorting to equity finance in order to see them through the current tough trading conditions.

Banks are currently much more selective about how much they lend and to whom.  These days, small and medium sized enterprises trying to raise new or additional funding need a good and convincing business plan.  Managers need to consider questions such as:

Are you really going to achieve those margins and what happens if they are not achieved?
Are you sure your turnover is going to be as forecast, and what if it isn’t?
Do you really think you can cut those costs and still service your client base?

Planning ahead is good practice.  All types of lenders and investors like to see business plans, whether banks or business angels.  They like to see current and future plans, supported with historical data, and based on solid and realistic assumptions.  McBrides has seen first-hand how the banks are much more willing to lend if they feel a business has had input from professional advisers in preparing its projections and business plan.  This sort of work instils confidence in the bank, assisting towards the business applying for funding.