What banks look for from the self employed trader

Article by Pat Sutton in Sundays Business Post 17 April 2014

In spite of what some commentators might lead you to believe it is our experience that banks are trying to lend where possible. It up to the applicant to present their best case scenario, answer any questions the bank may have and give them confidence that you are a good investment

Read the rest of this entry »

Tags : , , ,

How to Start a Successful Business

Starting a business can be a pretty daunting and challenging experience whilst at the same time a most rewarding one if it’s done right. Discipline, rigor, and hard work are most definitely required. There are ways of greatly increasing your chances of success, some of which I will touch on in this article.

Firstly, make sure you have the full support of your nearest and dearest. Decide how you intend to manage your personal commitments and put the necessary arrangements in place.

You need to complete a business plan. Look at different types
Read the rest of this entry »

Tags : , , ,

SME funding available from the National Pension Reserve Fund

National Pension Reserve Fund (NPRF) announces details of funding for SME’s of three new long-term funds which will provide equity, credit and restructuring / recovery investment for Irish small and medium-sized businesses (SMEs) and mid-sized corporates. These funds were referenced by the Minister for Finance in his Budget 2013 speech. SME business experts O’KellySutton are already in discussions with the fund operators on behalf of SME’s. O’KellySutton will represent SME’s in dealing with the fund operators on drawing down funding.

The NPRF has played a significant role in the development of the three funds and will be a cornerstone investor in each
Read the rest of this entry »

Tags : , ,

Top Ten Tips for SME’s dealing with Banks

Article by Patrick Sutton, Partner, O’KellySutton in The Sunday Business Post, 26th August 2012.

1. Bank Application Forms:
Get familiar with what banks are looking for at an early stage. Bank requirements vary, depending on the size and nature of the loan. All the banks have application forms on their websites and these will need to be completed.

2. Business Plan:
This is a critical document and, yes, banks do take time to study the plan in detail.
Read the rest of this entry »

Tags : ,

Enterprise Ireland establishes new Potential Exporters Division and launches new programmes of supports to get more Irish companies exporting.

On March 13th, the minister for Job, enterprise and Innovation, Richard Burton, T.D. announced that a new Potential Exporters Division in Enterprise Ireland has gone live and launches new programmes of supports for exporters in order to get more indigenous companies trading in foreign markets.
The new Potential Exporters division will:
Read the rest of this entry »

Tags : ,