Financing a New Business - how?
Discussion
Via an old colleague I've been recommended to help formulate a business case for the purchase of a property with D1 planning permission, the person running the business is likely to set up a new dental surgery - he is busy doing the day work. While I have extensive knowledge of the regulatory processes the business would have to go through, potential fit out costs, and complimentary medical businesses that could also rent the premises, I really don't have the full details of what the financial institutions may want in terms of a business case, to allow them to be interested in financing this new venture.
I had previously done a bit of due diligence on a previous property in West London for the same person, but ultimately it didn't go any further. I've also done some remortgaging finance for a GP surgery with Royal Bank of Scotland and Lloyds who incidentally seemed particularly keen on providing financing for an existing business, but I'm not sure a new business would get the same help.
So really what I'd like to know is there a surefire way (or as much as possible with these things) of writing up a business case for a new business to maximise the chances of getting financed? What do I need to include in this business case to help alleviate the chances of this business case being rejected and should I be looking elsewhere other than via banks for this finance?
I had previously done a bit of due diligence on a previous property in West London for the same person, but ultimately it didn't go any further. I've also done some remortgaging finance for a GP surgery with Royal Bank of Scotland and Lloyds who incidentally seemed particularly keen on providing financing for an existing business, but I'm not sure a new business would get the same help.
So really what I'd like to know is there a surefire way (or as much as possible with these things) of writing up a business case for a new business to maximise the chances of getting financed? What do I need to include in this business case to help alleviate the chances of this business case being rejected and should I be looking elsewhere other than via banks for this finance?
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