Hi Janet. I agree with Janet - a good finance broker is worth their weight in gold and already has great relationships with lenders which is going to be beneficial for you. Another thing is to consider a Business Plan if you don't already have one - these can be part of the decision making process for lenders. Do you have a Business Plan? A Marketing Plan? Financial projections? This will help you with your expansion vision, as well as good insight for potential investors. A Business Plan will help you increase the level of growth, profitability and cashflow in your business; support you to unlock your business potential; provide you with a clear outline of what you need to do to unlock this potential; provide you with a document against which to measure your progress; and importantly will be more appealing to potential investors as they will see a clear vision of where you're wanting to take the business and what they'll actually be investing in. We run business planning sessions and cover some key issues including discussing and setting both personal and business goals for the next 12 months, discussing and agreeing on an action plan with strategies to support achievement of goals, identifying gross revenue targets and key performance indicators, identifying opportunities and vulnerabilities in your business that need to be managed, and establishing a 90 day action plan to address immediate critical issues. We offer business development services, including Business Planning. If you'd like to discuss further, I'm happy to have a chat with you. Kind regards, Sarah Stein. Mobile: 0402 811 088. www.missefficiency.com.au
Hi Janet, there is no one bank or financier that I can recommend. What I can recommend is getting in touch with a finance broker and let them do the hard work of finding a financier that will finance you and your business.