Truro breakfast briefings back up and running

15th August, 2018

I was pleased to host the first of what I hope will be a series of 12 monthly breakfast briefings last week.

Debt finance – the market

The theme of this one was ‘debt finance – the market’ and featured presentations from Mike Cass of Capitalise and John Sharpe of Thin Cats. The inspiration / motivation behind the theme was the same combination of statistics that are used in Capitalise presentation materials:

  • 94% of businesses do not know there are independent and alternative
    financing options available beyond the high street (the Guardian Online 2014)
  • There are over 360 lenders focused entirely on SME lending

I am sure the percentage of businesses that are unaware of the alternative finance options has dropped significantly since 2014 due to the efforts of the British Business Bank; some high profile alternative lenders such as Funding Circle and initiatives such as the Bank Referral Scheme.

However, it remains a relevant issue that a business looking for finance should be aware of the options available and be looking for a match in terms of their requirements and the finance providers.

The presentations

A copy of the presenters’ slides can be found here – Breakfast Briefing – Debt Finance – The Market – August 2018

It is well worth having a flick through the presentations to:

  1. Get a feel for the range of debt solutions in the market demonstrated in the Capitalise presentation in some infographics
  2. Look at the ethos, lending criteria and requirements of one of the alternative lenders – Thin Cats
  3. Have a read of some case studies of businesses who used Capitalise or Thin Cats
  4. Be reminded that in addition to debt, there are sources of equity, grant and rewards (which may in some cases be a better match with your business’ requirements – see further below)

(Admittedly, my slides are more visual than self-explanatory but if you have any questions please contact me).

A big thank you to the two external presenters Mike, who travelled down from London, and John who kindly filled a SWIG shaped hole at very late notice).

Thanks also to Lucinda from our Business Recovery team who spoke for a few minutes on Escalate – a debt recovery solution that certainly prompted a level of interest and questions among attendees.

Next up

I am super-excited about our next breakfast briefing which is aimed at businesses in one of our sector specialisms – Food and Drink.  This one has a lot to live up to as last September’s Food and Drink breakfast briefing was described as our “best breakfast event”. The focus is on funding – specifically crowd funding.  We have lined up a speaker from Crowdfunder and they will be joined by a speaker from Stephens Scown – and we hope to have one more external speaker as well.  Details of the event can be found here.

An aside

On the subject of food, I have organised a ‘BBQ Mountain biking & networking event’ on 24 August 2018 at Cardinham Woods (near Bodmin).  No previous mountain biking experience is required and there is a rumour that Charlotte Green is attending…. She is the world’s number one female BMX racer! If you would like more details, please contact me.

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