Equity
For those businesses needing to raise larger amounts, PIF has a range of equity
funds which can be tailored specifically to meet individual needs.By its very nature, equity funding is more complex than a straightforward business
loan. With each case presenting unique circumstances, it is unlikely that the
solution will fall into a simple formula. We will work with you and your advisors
to ensure you get the best possible help and advice in arranging the funding you
need.
All the criteria regarding a sound business proposition, sector and geographical restrictions still apply to equity funding.
PIF is committed to helping the region’s businesses take full advantage of the
funding available. If you require a significant investment to improve your operation
and have drawn a blank so far, then we might be able to help.
To find out if PIF equity funding is right for your business, call us and we’ll
be pleased to discuss your specific requirements. We find that where clients submit
an application through their accountant or business advisor this both speeds up
the process and improves the chances of a positive decision.
Equity Information
AMOUNT |
£100,000 to £1.5 million |
TERM |
4 to 5 years |
SECURITY |
Legal security will normally be required where loan stock instruments are used |
INTEREST CHARGES |
Fixed at the outset of the transaction |
ARRANGEMENT FEE |
To be agreed |
MONITORING FEE |
1% |
REPAYMENT |
Monthly or quarterly |
CAPITAL HOLIDAYS |
Could consider 3 - 6 months subject to negotiation |
APPLICATION REQUIREMENTS |
Completed application form, statement of personal assets and liabilities, business
plan, 3 years accounts where available, up to date management accounts where available,
current order book, 3 years forecast – profit and loss, balance sheet and cashflow
forecast |
