finance assignment

**bananasuit** · 17-10-2006, 23:35

well basically when it comes to numbers im a bit of a spak! ...and ive just gotten my assignment for my finance module.. ive got a fair way through but now im stuck...
i need to exlore the methods that could be used to finance the purchase of a business premises bearing in mind the premises i want to buy is £450,000 in the last yr i made a profit of £95,000 with annual sales that exceeded £400,000 ... also there is a member of staff willing to invest £150,000 for a 25% stake of the business

Please help..

**Sidra240** · 18-10-2006, 05:45

babe dont have a clue ....anyting to do with business im screwed.....can help with ICT though

**DJ B4VVY** · 18-10-2006, 08:36

Loans from banks

Government grants

Ask family and friends to help aswell

Career development loans

**Ridz** · 18-10-2006, 16:58

Omdz Hayley... im in the same boat as u but im nt in uni... lolz well hun here a few possibilities

Princes Trust... they give u money 4 free
rent the premises 4 a while
Bank Loans
Make a better deal with ur employee try get em 2 give 20%
Business Angels.... they give u money 4 fweee

cnt fink of the rest

**bananasuit** · 18-10-2006, 17:24

i cant use things like business angels as an example

**sweet sanju** · 18-10-2006, 20:54

u could do stuff like dragon dens and tings like that

**Voodookid** · 19-10-2006, 01:23

i rote a bunch of things for ya last nite but then my internet explorer crashed.. typical!!!

nehoo...

lets see wht we can do ere..

to get all figures in mind.
PROPERTY £450,000
ANNUAL PROFT £95,000
SALES +£400,000
INVESTMENT £150,000

u need funding/loan of 450,00 but if u use ur investment of 150,000 towards a loan a bank would be more likely to giv it to u as u are puttin a big sum towards it rather than the bank paying all, its a less risk for them.

so borrow a sum of £300,00 and ur profits ryt now are 95,000 of which lets say 50,000 would go back into the business and employees and shit leaving you with 45,000/yr to play with...
if u would put that towards ur repayments for ur loan wud giv u approx 7 yrs of repayments with the interest rates and so on..

duno if thats wht u wanted..