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eastdunbarton.gov.uk/business
Bank Ready
Seminar
Santander Corporate &
Commercial – Scotland Team
Introduction
Agenda
Key Elements of Lending

Information Requirements

Alternative Sources of Finance

Question & Answer
Key Elements of Lending
Your Business

Amount of Funding

Ability to Repay

Purpose of Funding

Security

Repayment Terms
Your Business
What do you do?

How and where do you do it?

Who do you do it for?

Who helps you do it?

Who else does what you do?

Why do you do it?

Ownership

Management
The Funding
How much are you looking for?

Why are you looking for funds?

Is it enough?
Repaying the Funds
Interest

Capital Repayments

Profile v Term
Security
Standard Security

Bond & Floating Charge

Personal Guarantee
Information Requirements
Financials

Property Valuation

’Know your Customer’
Alternative Sources of Finance
Grant Funding & Government Schemes

Another Bank

Equity

Angel Investors

Your Customers

Friends and Family
Question & Answer
Contact us
Malcolm McSporran
Deputy Regional Director
Tel: 0141 275 2503
Email: malcolm.mcsporran@santander.co.uk

David Gallacher
Relationship Director Edinburgh
Tel: 07718 121 219
Email:david.gallacher@santander.co.uk

Douglas Dunlop
Relationship Director Glasgow
Tel: 0141 275 2627 / 07803 377181
Email: douglas.dunlop@santander.co.uk

Jennifer Moultrie
Relationship Director Aberdeen
Tel: 07903 816703
Email:scott.hutchinson@santander.co.uk
Important legal information
The information and opinions in this document have been compiled by Santander Corporate Banking
in good faith from sources believed to be reliable. The information and opinions contained in this
document are published for the assistance of the recipients but they should not be relied upon as
authoritative or definitive and should not be taken into account in the exercise of judgements by any
recipient. Distribution of this document does not oblige us to enter into any transaction. Any offer
would be made at a later date and is subject to assessment, contract, satisfactory documentation and
market conditions. Nothing in this document constitutes investment, legal, tax or accounting advice
and we recommend you do not make a decision based on this information without first taking the
appropriate advice. This document is intended for the recipient only, should not be disclosed to retail
clients, and should not be distributed to others or replicated without the consent of Santander
Corporate Banking.
Santander Corporate Banking is the brand name of Santander UK plc, Abbey National Treasury Services plc (which also uses
the brand name Santander Global Banking and Markets) and Santander Asset Finance plc, all (with the exception of
Santander Asset Finance plc) authorised and regulated by the Financial Services Authority, except in respect of consumer
credit products which are regulated by the Office of Fair Trading. FSA registration numbers: 106054 and 146003 respectively.
In Jersey, Santander UK plc is regulated by the Jersey Financial Services Commission to carry on deposit-taking business
under the Banking Business (Jersey) Law 1991. Registered office: 2 Triton Square, Regent‟s Place, London NW1 3AN.
Company numbers: 2294747, 2338548 and 1533123 respectively. Registered in England. Santander and the flame logo are
registered trademarks.
East Dunbartonshire

Funding for Business Event

21st November 2013
Who are we?
Public sector loan fund
Owned by 12 local authorities
“Not for Profit” company
Economic development remit
What do we do?
We provide „match‟ funding to
new & growing businesses!
Support circa 80 businesses p.a.
Lend circa £2 million p.a.
Current advertising message….
Economic development objectives....
Job creation / safeguarding
Business start up

Business growth
Gap funding – lack of security / track
record
Complementary to the private sector
Key criteria....
• New & growing businesses
• Loans up to £100,000
• Must be part of a funding package

• Interest rate fixed at 5%
• Up to 7 years repayment
Key criteria....
Capital expenditure / working capital /
commercial property / property improvements
Right reserved to take security as appropriate

Capital holidays
Circa £2.5m available for investment p.a.
No fees
Who‟s eligible?
New, small and medium sized businesses
Located in west of Scotland
(in one of the 12 local authority areas)
Manufacturing, service to manufacturing
and a wide range of service based businesses
Businesses operating either as a sole-trader,
partnership, limited liability partnership, limited
company or social enterprise
Decision Making Process....
Early discussion is RECOMMENDED!!
Approach East Dunbartonshire Council
Application form & business plan
At least 2 years financial projections
Visit by adviser

Appraisal / due diligence
Recommendation
Timescale / Legals *
Decision is made at local level **
What’s in it for you?
The opportunity to access
affordable finance necessary to
complete your funding
package…........
and start or grow your business!
Contacts:
Fraser Robb
East Dunbartonshire Council

0141 578 8621

Mark McClymont
WSLF

01563 554555

Andrew Dickson
WSLF

01563 554851

Apply online at www.wslf.co.uk/apply-online.aspx
DSL Business Finance:
What‟s available and How to apply?

Sandra McLean
DSL Fund Manager
DSL Business Finance
• We provide access to finance to SME‟s
that cannot source all or part of the funds
that they require, to start or grow their
business, from Banks or other commercial
sources.
• Aim is to allow business to start,
strengthen and grow
Loan Information
• Loans of up to £50,000
• Term of up to 60 months
• Additional loans available
Criteria
• Can assist any type of business
• Funding can be used for any purpose
except refinancing of existing debt, or
research and development
Flexible Repayments
• No penalties for early repayment
• Possibility for assistance for cashflow
difficulties/seasonality
Enterprise Finance
Guarantee Scheme
(EFG)
•
•
•
•
•

£1k to £1M
Viable but not enough security for loan
Guarantee to lender not borrower
Most businesses sectors eligible
2% fee on loan balance quarterly
Application Procedure
• Completed Application Pack will include
–
–
–
–

Up to date Business Plan with relevant financials
Application Form
Personal Credit Report
3 Months personal bank statements/3 Months
business bank statements
– One point of contact through the whole process
Decision Making
• Applications are presented to an
independent panel for investment decision
so providing a personal approach
• From submission of fully completed
documents, decisions can be made within
4-6 weeks, shorter timescales are possible
What We Look For In A
Proposal
•
•
•
•
•

Realistic Sales Projections
Realistic Financials
Experience in Sector
Good Credit History
Manageable Debts (personal & business)
Post Loan Support
• Aftercare visits from DSL Staff Member.
• Consultancy support if required funded by
DSL
What Our Clients Say 
• “DSL is business with a human face”
• “They are absolutely amazing; an ally,
supportive of women getting into business”
• “Process was proactive and supportive”
Contact Details
• For further information please contact
– Sandra McLean (Fund Manager)
– sandra@dsl-businessfinance.co.uk
– 0141 425 2930
– www.dsl-businessfinance.co.uk
eastdunbarton.gov.uk/business

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Funding for Business Event - 21/11/13

  • 2. Bank Ready Seminar Santander Corporate & Commercial – Scotland Team
  • 4. Agenda Key Elements of Lending Information Requirements Alternative Sources of Finance Question & Answer
  • 5. Key Elements of Lending Your Business Amount of Funding Ability to Repay Purpose of Funding Security Repayment Terms
  • 6. Your Business What do you do? How and where do you do it? Who do you do it for? Who helps you do it? Who else does what you do? Why do you do it? Ownership Management
  • 7. The Funding How much are you looking for? Why are you looking for funds? Is it enough?
  • 8. Repaying the Funds Interest Capital Repayments Profile v Term
  • 9. Security Standard Security Bond & Floating Charge Personal Guarantee
  • 11. Alternative Sources of Finance Grant Funding & Government Schemes Another Bank Equity Angel Investors Your Customers Friends and Family
  • 13. Contact us Malcolm McSporran Deputy Regional Director Tel: 0141 275 2503 Email: malcolm.mcsporran@santander.co.uk David Gallacher Relationship Director Edinburgh Tel: 07718 121 219 Email:david.gallacher@santander.co.uk Douglas Dunlop Relationship Director Glasgow Tel: 0141 275 2627 / 07803 377181 Email: douglas.dunlop@santander.co.uk Jennifer Moultrie Relationship Director Aberdeen Tel: 07903 816703 Email:scott.hutchinson@santander.co.uk
  • 14. Important legal information The information and opinions in this document have been compiled by Santander Corporate Banking in good faith from sources believed to be reliable. The information and opinions contained in this document are published for the assistance of the recipients but they should not be relied upon as authoritative or definitive and should not be taken into account in the exercise of judgements by any recipient. Distribution of this document does not oblige us to enter into any transaction. Any offer would be made at a later date and is subject to assessment, contract, satisfactory documentation and market conditions. Nothing in this document constitutes investment, legal, tax or accounting advice and we recommend you do not make a decision based on this information without first taking the appropriate advice. This document is intended for the recipient only, should not be disclosed to retail clients, and should not be distributed to others or replicated without the consent of Santander Corporate Banking. Santander Corporate Banking is the brand name of Santander UK plc, Abbey National Treasury Services plc (which also uses the brand name Santander Global Banking and Markets) and Santander Asset Finance plc, all (with the exception of Santander Asset Finance plc) authorised and regulated by the Financial Services Authority, except in respect of consumer credit products which are regulated by the Office of Fair Trading. FSA registration numbers: 106054 and 146003 respectively. In Jersey, Santander UK plc is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991. Registered office: 2 Triton Square, Regent‟s Place, London NW1 3AN. Company numbers: 2294747, 2338548 and 1533123 respectively. Registered in England. Santander and the flame logo are registered trademarks.
  • 15. East Dunbartonshire Funding for Business Event 21st November 2013
  • 16. Who are we? Public sector loan fund Owned by 12 local authorities “Not for Profit” company Economic development remit
  • 17. What do we do? We provide „match‟ funding to new & growing businesses! Support circa 80 businesses p.a. Lend circa £2 million p.a.
  • 19. Economic development objectives.... Job creation / safeguarding Business start up Business growth Gap funding – lack of security / track record Complementary to the private sector
  • 20. Key criteria.... • New & growing businesses • Loans up to £100,000 • Must be part of a funding package • Interest rate fixed at 5% • Up to 7 years repayment
  • 21. Key criteria.... Capital expenditure / working capital / commercial property / property improvements Right reserved to take security as appropriate Capital holidays Circa £2.5m available for investment p.a. No fees
  • 22. Who‟s eligible? New, small and medium sized businesses Located in west of Scotland (in one of the 12 local authority areas) Manufacturing, service to manufacturing and a wide range of service based businesses Businesses operating either as a sole-trader, partnership, limited liability partnership, limited company or social enterprise
  • 23. Decision Making Process.... Early discussion is RECOMMENDED!! Approach East Dunbartonshire Council Application form & business plan At least 2 years financial projections Visit by adviser Appraisal / due diligence Recommendation Timescale / Legals * Decision is made at local level **
  • 24. What’s in it for you? The opportunity to access affordable finance necessary to complete your funding package…........ and start or grow your business!
  • 25. Contacts: Fraser Robb East Dunbartonshire Council 0141 578 8621 Mark McClymont WSLF 01563 554555 Andrew Dickson WSLF 01563 554851 Apply online at www.wslf.co.uk/apply-online.aspx
  • 26. DSL Business Finance: What‟s available and How to apply? Sandra McLean DSL Fund Manager
  • 27. DSL Business Finance • We provide access to finance to SME‟s that cannot source all or part of the funds that they require, to start or grow their business, from Banks or other commercial sources. • Aim is to allow business to start, strengthen and grow
  • 28. Loan Information • Loans of up to £50,000 • Term of up to 60 months • Additional loans available
  • 29. Criteria • Can assist any type of business • Funding can be used for any purpose except refinancing of existing debt, or research and development
  • 30. Flexible Repayments • No penalties for early repayment • Possibility for assistance for cashflow difficulties/seasonality
  • 31. Enterprise Finance Guarantee Scheme (EFG) • • • • • £1k to £1M Viable but not enough security for loan Guarantee to lender not borrower Most businesses sectors eligible 2% fee on loan balance quarterly
  • 32. Application Procedure • Completed Application Pack will include – – – – Up to date Business Plan with relevant financials Application Form Personal Credit Report 3 Months personal bank statements/3 Months business bank statements – One point of contact through the whole process
  • 33. Decision Making • Applications are presented to an independent panel for investment decision so providing a personal approach • From submission of fully completed documents, decisions can be made within 4-6 weeks, shorter timescales are possible
  • 34. What We Look For In A Proposal • • • • • Realistic Sales Projections Realistic Financials Experience in Sector Good Credit History Manageable Debts (personal & business)
  • 35. Post Loan Support • Aftercare visits from DSL Staff Member. • Consultancy support if required funded by DSL
  • 36. What Our Clients Say  • “DSL is business with a human face” • “They are absolutely amazing; an ally, supportive of women getting into business” • “Process was proactive and supportive”
  • 37. Contact Details • For further information please contact – Sandra McLean (Fund Manager) – sandra@dsl-businessfinance.co.uk – 0141 425 2930 – www.dsl-businessfinance.co.uk

Editor's Notes

  1. Who are we?Loan fund owned by the 12 west of Scotland local authoritiesSet up in 1996 Lent over £30 million to around 1,500 businessesEconomic development remit to increase the supply of finance and thereby help create jobs
  2. What do we do?Well, exactly as it says on the side of the tin.We provide ‘gap finance’ to new and growing businesses to help them fill their funding package.
  3. Some comments / observations from the Bank of England Agents’ Summary in September 2012
  4. Some comments / observations from the Bank of England Agents’ Summary in September 2012
  5. I don’t think I have to explain this slide ....
  6. LAUNCHED IN 1991. By SUMMER OF 2008, COMPANY BADLY EFFECTED BY THE ECONOMIC downturn WITH TURNOVER AND STAFF FALLING BY 50%In 2010 ROUND OF FINANCING WAS AGREED WITH WSLF cont. £45,000 TO ASSIST WITH SALES DEVELOPMENT IN BOTH THE PUBLIC AND PRIVATE SECTOR, TRAINING AND ACCREDITION FOR ALL STAFF.SALES FOR 2011 AND 2012 AT £737,344 AND £997,189 RESPECTIVELY. GP AT 38% AND 36%IN 2012 APPROACHED TO ASSIST WITH 2ND ROUND FUNDING OF £185,000 PROVIDING £15,000. COMPANY PROGRESSED FROM DIFFICULT TRADING POSITION IN 2009 AT THE HEIGHT OF THE ECONOMIC DOWNTURN,AND EMERGED WITH A HEALTHY ORDER BOOK, HIGHLY SKILLED WORKFORCE, LEAN MANAGEMENT TEAM AND IN WELL APPOINTED PREMISES.PACKAGE WILL PROVIDE NEW MANUFACTURING CAPACITY TO FULFILL ADDITIONAL SALES AT A GREATLY IMPROVED TURNAROUND TIMES WITH IMPROVED QUALITY AND COMPETITIVENESSPRESENT WORKFORCE 19 ANTICIPATED TO RISE TO 27 BY END OF 2014. SALES PRSENTLY AROUND £1MILLION WITH PRE TAX PROFIT 34%SALES GROWTH UPLIFT FOR 12/13 IS FORECAST AT 21% AT £1,200,000 RISING TO £1,470,000 BY 2014.PACKAGE WILL BE UTILISED FOR CAP EX £150,000 WITH A NEW CUTTER/ROUTER, A NEW FLATBED PRINTER, NEW IT SERVER WITH £35,000 WORKING CAPITAL SUPPORTING CASH FLOW DEPOSIT FOR NEW VEHICLE AND NEW PROJECT MANAGEMENT SOFTWARE.COMPANY RECENTLY AQUIRED SIGNIFICANT NEW BUSINESS FROM MILLER HOMES AND PERSIMMONS HOMES WITH SOME 5 NEW MEMBERS OF STAFF ENGAGED.