Recent content by MrMen

  1. M

    Creating Cash Flow for Overdraft

    Hi Thanks for the response. This is the feeling I get also, to be honest my bank manager knows next to nothing I get the impression she used to deal with personal loans and maybe mortgages and has been promoted without any experience or maybe even training. At some point I will be submitting...
  2. M

    Creating Cash Flow for Overdraft

    Hello Guys I wonder if anyone can help me, we have been trading for around 14 months and have done our accounts etc. Up until now we havent needed any funding as I was lucky enough to have some pennies in the bank. I have just moved bank and have a meeting shortly to discuss an overdraft...
  3. M

    Enterprise Finance Guarantee Scheme

    Well what we need is to hold a much larger amount of stock and larger range, people regularly come to our site and buy the stock we have and we can see from the statistics if we held more stock we would sell more. The frustating thing is our suppliers dont tend to hold that much stock so we...
  4. M

    Enterprise Finance Guarantee Scheme

    I can imagine, having this loan would do my business the world of good too, to be frank we have grown way too fast if there is such a thing lol! But the financial strain on me personally is a nightmare right now, I could really use a cash injection that doesnt come directly out of my pocket...
  5. M

    Enterprise Finance Guarantee Scheme

    Ahh I see not too bad did the bank give you any conditions before you could have the loan? Also how old was your business when applying if you dont mind me asking?
  6. M

    Enterprise Finance Guarantee Scheme

    Congrats and thanks for the reply did it take you till Nov before you knew you had been successful too?
  7. M

    Enterprise Finance Guarantee Scheme

    :eek: oh flip!! I am suprised you had to go through all that to say the least but lets see where this goes ay? Barclays have been saying the same for me, I was so suprised that the account manager was so helpful I kinda felt something was wrong!
  8. M

    Enterprise Finance Guarantee Scheme

    :eek: lol well the lady from the bank cant wait to get out to see me! she even rung me today, apparently she is bring the forms with her. She didnt mention any fees what were they for? Also there seems to be some confusion on whether you can have property? I have but I was told by someone that...
  9. M

    Enterprise Finance Guarantee Scheme

    Im in Birmingham, I have looked a little at business angels but again Im not well versed, I spoke to a firm this week and he told me as a rule of thumb they would want me to give some control of my company and look for 3 - 5 times their initial investment amount back. I had thought maybe the...
  10. M

    Enterprise Finance Guarantee Scheme

    Interesting.....well I have never tried to get finance before and whilst I like to be prepared most of what I read seems to point that a business that is only 12 months old doesnt get much help from banks. Are there many other options out there?
  11. M

    Enterprise Finance Guarantee Scheme

    Yes I have read the thread, but I went back and reread it, I actually didnt notice your reply....I think you could have just said "I did" rather than the odd response you gave! I assumed you were being funny hence my response! My apologies!
  12. M

    Enterprise Finance Guarantee Scheme

    What did you stand to gain by pointing out that the one person who said they had got it had already directly responded to me, other than trying to be a smart ass? I have not said I cant get one, so I have no idea what you are talking about you seem to be out of your depth a little, so why not...
  13. M

    Enterprise Finance Guarantee Scheme

    Considering the person in question already answered, which you could obviously see, your post is pretty useless! :|
  14. M

    Enterprise Finance Guarantee Scheme

    Oh brilliant, I have been following this thread and the EFG for some and wondered to what extent people actually were being successful. Do you mind if I ask if you what stage your business was at, start up? new? or established and if you applied with your existing bank?
  15. M

    Enterprise Finance Guarantee Scheme

    Wow so no one has had any success with the EFG yet? Not even one person?
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