Funding Ambition and Growth

84 Pages·2017·2.63 MB·English

by  Andrew Bowman

Funding Ambition and Growth
Custom House, Greenock
Tuesday 13 February 2018
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riverside inverclyde | Funding Growth & Ambition | Agenda
08:30 – Welcome and Outline of Event

08:35 – Royal Bank of Scotland – David McKay

08:45 – LINC Business Angels – Brian Hale

08:55 – Scottish Enterprise – Alan Dick

09:05 – Inverclyde Council / Business Gateway – Will Nisbet

09:20 – AGL Wealth – Craig Gibson

09:30 – Riverside Inverclyde – Andrew Bowman

09:40 – Break Out and Networking

10:00 – Event Close
2
Boost your business
Approaching the bank
for finance
David McKay
Relationship Manager
13th February 2018
Information classification: Public
Meet your Relationship Manager
• Business experts to help with day-to-day
Everyday
banking & specialist needs
help
• 24 hour access to account information and
transaction services by phone, mobile or
online

• Overdraft facilities to boost your working
David McKay capital, improve cash flow or cover
Relationship Manager unforeseen expenses
M: 07768 558015
[email protected] • Credit and debit cards to help manage
business expenditure
Background

I have 19 years experience within Royal Bank of Scotland with most of last 12
• Nationwide network of cash machines and
years spent within Commercial and Business Banking.
branches, many with business quick deposit

I am based in our Greenock office and support business customers all across facilities
Inverclyde, North Ayrshire and parts of Argyll & Bute.
I have recently also taken over as teams Agriculture specialist for Renfrewshire and
surrounding areas.

My aim is to make our customer’s banking simple, support their business growth
ambitions through our Fee Free Lending Offer and provide an excellent customer
experience.

Qualifications
Accredited Chartered Banker

Security may be required. Product fees may apply. Over 18s only

Traditional Bank Funding Options
Small Business Loan
– £1000 to £50,000 over maximum of 10 years.
– Unsecured facility.
– No arrangement fee or early repayment charges.
Fixed Rate Business Loan
– £50,001 to £500,000 facility over maximum term of 25 years.
– Secured facility.
– No arrangement fee or early repayment charges.
Business Overdrafts (Working Capital Facility)
– Arrangement Fee applies to facility.
Business Credit Cards
– Set-up fee applies.
– Provides working capital facility to the business.
Four things the bank will ask
1. Purpose of borrowing?
2. Amount?
3. What is the lending term?
4. About your business?
•
Security may be required. Product fees may apply. Over 18’s only. Excludes refinance and
Commercial Real Estate Finance
•
Any property used as security, which may include your home, may be repossessed if you do not
keep up repayments on a mortgage or other debt secured on it
•
Product fees may apply. Over 18s only
7 Information classification: Public
Assessing an application, what do we look at?
1. How we could help you boost your business
2. Your contribution
3. Your business plan and experience in the sector
4. Affordability, serviceability
5. Credit history
8 Information classification: Public
Statement of Appetites
What is a Statement of Appetite ?
– Letter from the bank stating our willingness to lend.

– Counter signed by Relationship Manager and either Director
Business Banking or Senior Lending Manager.

– Based on current information (including ideally most recent set of
FYE accounts and breakdown of debt servicing costs).

– Not a credit sanction but does hold additional consideration from
credit when making an application after Statement of Appetite
issued.

– Can be issued across all sectors.

– We can also issue SOAs for non Royal Bank of Scotland
customers.
Other sources of Royal Bank of
Scotland finance
Other ways in which The Royal Bank of Scotland can assist with finance
Information classification: Internal
10