BTEC Business Level several - P4: Describe options for internal and external financing for a selected business

 BTEC Business Level several - P4: Describe types of internal and external fund for a picked business Article

п»їP4: Describe options for internal and external fund for a selected business

Athletics clothing business

The bank I will use is NatWest as it is the lender I i am currently with, therefore , I am more familiar with them then one other bank. Beginning a sports business there is also a number of things to take into account this sort of: whether or not you are better off leasing a building instead of buying, organization insurance, how you are going to obtain the money to enable the business to get up and running with no lack of funding, assets and exactly how you are going to make payments. Location of rental

Located in Priory Quarter, Havelock Road, Hastings. High quality building that has a floor space of 24, 500 Square feet. This would be perfect for the business to work with and renovate due to the size allowing items to be placed on web page. The cost of this could be ВЈ18, 1000 pa. The price could be included in a fixed business loan; this would allow the business to become operation pay the use of assets such as: delivery transport and staff wages. The fixed business loan could offer a mortgage of ВЈ25, 001 to ВЈ250, 000 with a fixed payment on the ten year period, in case the loan can be paid off prior to the ten years interest will be expected dependent on payment. Storage features the size of eighty, 000 Square feet costing ВЈ30, 000 pa, which will enable suitable safe-keeping for vehicles and products. Insurance

The of the business depends on the shop, size and if it currently is existing, therefore , there is no set quotation without dealing with the process. Because the business will be new NatWest offer 15% of the 1st year within the insurance which in turn would make the first season cheaper plus more profitable. Obtaining money

Personal savings from previous job and the bank loan from the financial institution should cover the money had to start the business. Wages will be covered by obtaining the full financial loan and with good revenue and expansion the total making of the first year should cover most payments. Payments will be paid...


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