Launch of Crowdfunding App – 24 March 2014

On 7 March 2014 Assynt Corporate Finance Limited hosted a seminar with Kirsty McGregor Chairman of The Corporate Finance Network launching an App for Crowdfunding options.

According to figures from NESTA, an independent Government Think Tank, £332million was distributed through non-bank lending to small businesses in 2013, a sum expected to reach £840 million in 2014.

Crowdfunding can provide alternative forms of finance.

What are these?

• Debtor Finance;
• Term Loans; and
• Equity.

Whether you are looking for funding for growth or working capital, each of these forms has its place and there are many different sites to choose from.

I can help you by identifying the appropriate platform having regard to security, speed of access and development stages of your business.

While an online application may be seen as less terrifying than sitting in front of a bank manager, there are still pitfalls to avoid in your application which is in the public domain with outsiders taking an interest in your business, asking questions about your plans and questioning your assumptions. However they can turn into ambassadors for your business by promoting your goods and encouraging sales.

At The Corporate Finance Network, we have experience of using these platforms and know some of the pitfalls to avoid.

So if you would like to know more, then please do so by contacting me on 07860 898452 or by email awatkin@assyntcf.co.uk

I look forward to hearing from you.

Assynt Corporate Finance Limited, Chartered Accountants, is a member of The Corporate Finance Network which means we can provide access to other accredited national firms. We can also access additional Corporate Finance resources, particularly in the areas of advertising businesses for sale discreetly and accessing those lists for our clients who want to acquire business.

The information contained in this briefing is based on information available as at 24th  March 2014 and may be subject to amendment. It is written as a general guide and is not a substitute for professional advice. You are strongly recommended to obtain specific professional advice from us before you take any action. No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this briefing can be accepted by Assynt Corporate Finance Limited or its director.

 

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