Over the past 18 months I have met and advised many food companies and one of the main underlying issues is the lack of appropriate capital structure. They are funding the businesses out of personal funds, assisted by a small amount of bank debt and/or state agency support.
Agribusiness companies looking at funding to grow their business should not miss out on the insights and expertise around the alternative sources for your business in this half-day conference on 5 May in the Marker Hotel, Dublin. For further information or to book, email alternativefinance@farmersjournal.ie or call 01 419 9578
Crowdfunding
Crowdfunding, or peer-to-peer (P2P) as it is sometimes known, is a rapidly emerging source of finance for expanding companies in Ireland.
It is usually used for:
Working capital.Capital expenditure.New market expansion.Hiring staff.In Ireland only crowd lending (peer-to-peer lending) is available for SMEs. Effectively, a lending company attracts investors (lenders) and target companies (borrowers), evaluates the borrowers’ business and creates an environment where lenders propose amounts at various interest rates through an IT portal.
Amounts raised are usually between €10,000 and €30,000, but can be as high as €100,000. Interest rates vary but on average are around 8% to 9%, with repayments within three years.
The advantages of the scheme are:
It is a quick and efficient process.Loans are unsecured – though may have personal guarantees from business owners.It represents a great opportunity to promote the business.Rates can be lower than normal banking. There are no early settlement penalties.Although P2P equity fundraising is difficult for small businesses due to the requirement to have a prospectus; this facility is available in the UK through companies such as Crowd Cube.
Employment Investment Incentive Scheme (EEIS)
The EIIS was introduced in Budget 2011 and is the natural successor to the Business Expansion Scheme (BES) that existed from 1984 onwards. In recent budgets, the scope has been extended to more businesses.
Topics to be discussed at the Alternative Finance Options for Agribusiness conference include:
Comparison of EIIS and BES.Example of investor benefit.Qualifying industries.Qualifying size of company.Designated EIIS funds and own company approval.Read more
All about Alternative Finance Options for Agribusiness
Over the past 18 months I have met and advised many food companies and one of the main underlying issues is the lack of appropriate capital structure. They are funding the businesses out of personal funds, assisted by a small amount of bank debt and/or state agency support.
Agribusiness companies looking at funding to grow their business should not miss out on the insights and expertise around the alternative sources for your business in this half-day conference on 5 May in the Marker Hotel, Dublin. For further information or to book, email alternativefinance@farmersjournal.ie or call 01 419 9578
Crowdfunding
Crowdfunding, or peer-to-peer (P2P) as it is sometimes known, is a rapidly emerging source of finance for expanding companies in Ireland.
It is usually used for:
Working capital.Capital expenditure.New market expansion.Hiring staff.In Ireland only crowd lending (peer-to-peer lending) is available for SMEs. Effectively, a lending company attracts investors (lenders) and target companies (borrowers), evaluates the borrowers’ business and creates an environment where lenders propose amounts at various interest rates through an IT portal.
Amounts raised are usually between €10,000 and €30,000, but can be as high as €100,000. Interest rates vary but on average are around 8% to 9%, with repayments within three years.
The advantages of the scheme are:
It is a quick and efficient process.Loans are unsecured – though may have personal guarantees from business owners.It represents a great opportunity to promote the business.Rates can be lower than normal banking. There are no early settlement penalties.Although P2P equity fundraising is difficult for small businesses due to the requirement to have a prospectus; this facility is available in the UK through companies such as Crowd Cube.
Employment Investment Incentive Scheme (EEIS)
The EIIS was introduced in Budget 2011 and is the natural successor to the Business Expansion Scheme (BES) that existed from 1984 onwards. In recent budgets, the scope has been extended to more businesses.
Topics to be discussed at the Alternative Finance Options for Agribusiness conference include:
Comparison of EIIS and BES.Example of investor benefit.Qualifying industries.Qualifying size of company.Designated EIIS funds and own company approval.Read more
All about Alternative Finance Options for Agribusiness
SHARING OPTIONS