Business Finance

Business Finance in Ireland

In a good economic climate, being able to raise business finance is vital if your business is going to expand while, in poorer times, business funding may be essential for your business to survive.

Raising business finance in Ireland is often a complicated process; with businesses having to justify their financial requirements by means of commercially viable proposals, which not only have to be scrupulously prepared, but also professionally presented in order to be successful.

At Friel Stafford, we have two decades of experience in assisting with business finance and business restructuring, and we can guide you through all the stages of financing a business – from preparing a business plan, to making a presentation to a financial institution.

Business Finance and Credit Agreements

The most common means of raising finance for business in Ireland are credit agreements from banks. These fall into four main categories:

  • Loans and Overdrafts – Bank loans and overdrafts are the traditional way of raising business finance in Ireland for short, medium and long-term cash flow solutions; however, tighter lending controls have made finance for businesses harder to come by.
  • Asset Financing – Asset financing usually comes in the form a loan, specifically for the purchase of machinery or IT equipment. The worth of the asset to the company has to be justified in order for finance to be approved.
  • Invoice Financing – Invoice financing is an inexpensive means to increase cash flow when waiting for a customer to pay an invoice but, in order to qualify for this type of finance for business, the lender will demand proof of eligibility.
  • SME Financing – Small and medium-sized enterprises may be able to secure business funding through the Government´s Credit Guarantee Scheme provided that the company can demonstrate that it is a commercially viable proposition.

Each of these funding solutions requires that documentation is prepared to support the credit application, and often that face-to-face presentations are conducted to secure the lender´s agreement.

Friel Stafford has a high success rate with raising business finance through the traditional channels, and would be able to advise you on the likelihood of a successful credit application being made to a lender in Ireland.

Business Restructuring

There are occasions when business finance will be unavailable, and restructuring your business is the only remaining option. In these circumstances, Friel Stafford can assist by reviewing the business, offering restructuring proposals and helping to establish a platform for recovery.

Business restructuring can take the form of trade sales, mergers with other businesses, management buy-ins or management buy-outs; and, by applying our proven methodology to your business restructuring, we can avoid delays and obstacles typical of business disposal which will reduce any costs.

Contact Us Today for a Confidential Discussion

Friel Stafford has a long track record of successfully helping companies obtain business finance in Ireland. Our company can advise you on what business funding is the most appropriate for your situation, compile the appropriate documentation and even make the presentations on your behalf if necessary.

In many cases, we will provide our services on the basis of a success fee once the business finance has been approved, and therefore it costs you nothing to find out more about business funding and business restructuring by calling the Friel Stafford advice line on 01 661 4066. Alternatively you are invited to complete the contact form on this page and we will call you back at a suitable time.

Raising business finance – whether in comfortable or difficult circumstances – is often far from straightforward. Allow the team at Friel Stafford guide you through the processes of raising business finance in Ireland, efficiently and discretely.