Archive for the ‘bank loans’ tag
The needs of small businesses
Keith Proudfoot, Regional Director of Institute of Chartered Accountants in England and Wales (ICAEW), will be speaking at next month’s free event for small businesses, Sage World. He’s taken time out to talk to the Sage Blog about the needs of small businesses.
Last week I attended a round table discussion with Dr Vince Cable. Among some talk about Local Economic Partnerships replacing the 10 Regional Development Agencies discussion turned to small business and their needs to drive the recovery.
Keith Proudfoot, Regional Director ICAEW
Dr Cable sees the SME sector as pivotal to the future of the UK. So it’s good news that his Department for Business Innovation and Skills (BIS) will do what they can, or what they can afford, to help smaller businesses.
The promise of less regulation has been heard before, but the most encouraging part was Dr Cable’s affirmation that he would use a combination of sticks and carrots to ensure that the banking sector lends to smaller businesses.
Of course a bank overdraft is just one way that a business sets itself up to do business and I shall be talking about alternatives in my session at the Sage World conference in Telford next month.
I will also be looking at ways to make your approach to banks more likely to succeed. While I can make no promises on turning sow’s ears into silk purses, I will be giving tips to make your approach to the bank be given proper consideration.
I’m looking forward to meeting as many of you as possible at the Sage World conference and hope you will find my presentation useful. I know I will enjoy hearing the other presentations and find out a little more about Telford: the home town of my daughter’s boyfriend – it’s a small world!
Keith Proudfoot
Register free for Sage World at www.sageworld2010.co.uk
