Need funding for growth and the banks won’t help?

Thursday, March 23rd, 2017

When delivering our accounting services to clients, here at Wolverhampton accountants Copia Wealth & Tax, we often come across situations where funding is the key problem preventing a company achieving its full potential.

The Banks that like to say ‘NO!’

Whilst the High-Street Banks are “open for more business”, there still seem to be far too many cases of their response being “NO” rather than “YES” and we recognise this is a major issue in the SME sector that continues to hold back business growth. Thankfully, we can now help our clients access a scheme that may go some way to help address this funding issue.

Are you an Established Business Needing Finance?

Specifically, the opportunity is aimed at growing well established businesses (those with at least 3 years trading) that may need unsecured loan finance. Essentially, the objective is to secure inward investment from China in multiples of £200,000, as part of the Government’s Home Office Tier 1 Entrepreneur Visa Scheme.

The Home Office Tier 1 Entrepreneur Visa Scheme

The Scheme requires the investor to work within the UK within the business in which they invest for 3 to 5 years. The company receiving the investment can secure an investor with relevant skills and experience required by the business together with their investment, usually in the form of an unsecured, interest only loan. The capital element of the loan is then repayable at the end of 5 years.

Each loan is subject to approval by the Home Office, and is dependent upon a Business Plan that is prepared on behalf of the investor. The loan is then financed through the Yingde Group, which has access to hundreds of Chinese high net worth individuals.

Non Sector Specific Loan Funds 

Whilst investments are not sector specific, loan funds can be utilised for most purposes (e.g. purchase of plant & equipment, recruitment, marketing, working capital), but cannot be used for property purchase or property development. There are no up-front administration fees, simply a one-off arrangement fee payment of which can made from the proceeds of the advance itself at completion.

So, if your business requires additional funding and you believe that a Chinese speaking employee who has direct business connections in China and the right skill set may be the ideal solution, get in touch with us.

Call Copia Wealth & Tax, accountants of Wolverhampton on 01902 783172 today or alternatively just click HERE to complete our contacts form to set up an exploratory no obligation meeting with our Managing Director Mr Shaun Philpott.

We very much look forward to hearing from you.