Keep Your Boat Afloat: David Horne on The UK Government Support Packages For Businesses
David Horne is one of the most experienced people in the world when it comes to raising debt funding for businesses, having raised over £100 million through equity funding.
David joins Gavin today to discuss the many government's support packages for businesses, how they're working for companies in need, the benefits and downsides of each, and what they can mean for you.
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KEY TAKEAWAYS
- If you have rateable business premises, and you get a business rates assessment, so long as your rateable value is less than £15k and you're eligible for rates relief, then you will get a £10k grant from your local authority.
- On CIBIL loans of up to £250,000, banks can no longer ask for personal guarantees as security, as per the Chancellor's ruling, allowing more businesses to access funding.
- Take It to The Bank is a service created by David and a team, to help you assemble a pitch-deck that'll give your credit application a much better chance of success.
- Remember to humanise your application as much as possible. Even comments sections are a great opportunity for you to explain the potential of the business or idea you've created.
- Time to Pay is a service that HMRC have always used in order to give companies more time when it comes to demands. You will need a convincing argument, but it can be a useful last resort.
BEST MOMENTS
'For most businesses two hundred and fifty grand will help get them through'
‘Anyone who can come through the other side of this with a good set of suppliers and customers, their core business should still be the same'
‘Remember that you're dealing with a human being'
‘We shouldn't punish people for following the law'
VALUABLE RESOURCES
The Business Mastermind Podcast
David Horne LinkedIn - https://www.linkedin.com/in/david-b-horne/?originalSubdomain=uk
CIBIL Scorecard - www.cbils-scorecard.co.uk
Get your free copy of Gavin Preston's invaluable guide now - 'Keep Your Boat Afloat: Business Survival Guide For COVID-19 Times' at: Bit.ly/keepyourboatafloat
To contact Gavin about how he can help you and your business, email gavin@gavinpreston.com
ABOUT THE GUEST
Carl Gould
Carl Gould is a worldwide leading authority on business and entrepreneurship. His company, 7 Stage Advisors helps organizations grow to the next level. He is an entrepreneur who built three multi-million dollar businesses by age 40. 7 Stage Advisors, has mentored the launch of over five thousand businesses. Some of the companies he's helped are companies like Allstate, American Idol , USA Olympic Track, IBM, McGraw-Hill and the US Army
ABOUT THE HOST
Gavin Preston
Gavin is an inspirational Speaker, Business Strategist, Business Growth Mentor, Trainer and
high-performance Coach. He works with Business Owners and Entrepreneurs and has a strong track record in creating creative strategies to accelerate the growth of their business. He has helped hundreds of SME business owners and leaders improve their performance and that of their business and a comparable number of executives and employees in blue-chip corporates over the last 20 years.
Gavin's energetic, insightful and yet down to earth and practical talks, workshops and coaching is in demand with high growth business between £250,000 and £30 million revenue and with multi-national organisations at all levels from Board to frontline
Managers. He is an expert in Business Growth Strategies, Peak Performance
Mindset, Persuasion & Engagement, Marketing, Productivity, Leadership
Development, Team Development & Motivation, Leading Change, Stakeholder
Management, Personal Effectiveness and Behavioural Change.
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