Growing pains

Businesses often need extra funds, particularly when considering a growth strategy. Oliver Laughton-Scott outlines the key factors brokers should keep in mind when seeking finance

When brokers are looking for extra finance for their businesses - whether equity or debt - there are many questions that need to be asked before considering who to approach for funding.

When seeking to borrow money, the first thing to ask should be 'why? what for?' and the answer must be clear and well thought out. The most common reason brokers seek finance is to fund expansion, either through acquisition or organic growth. In either case a clear plan is needed, showing the logic of the