Starting your own business? Need to raise money?

If you want to be the next Richard Branson and need to find out more about how to raise money to start your own business, attend Merton Council’s free Business Finance Seminar on Monday 20 October from 10am – 2pm at Merton Civic Centre.

The free seminar will offer information and advice on:
– How to apply to the Merton Business Investment Fund for a business loan
– How to approach your bank manager
– How to plan for your business
– Tips for finding premises
– Record keeping
– And more….

The seminar is free but those wishing to attend will need to pre-register, as places are limited. The Council held a similar seminar at the end of February, which was oversubscribed.

Speakers include representatives from the Chamber of Commerce, Inland Revenue and HSBC. Also Mr Ali, who is a successful applicant and has recently paid off his loan, will be talking about his experiences in business and with Merton Council as loan providers.

Su Assinen, Cabinet Member for Regeneration, said: “This is an excellent opportunity for people thinking of setting up their own business to gain practical advice for free. I advise people to book up immediately to avoid disappointment, as places will go quickly.”

Information packs, sandwiches and refreshments will be provided to residents.

To book your place or for further information please contact Freda Owusu or Alex Parker on 020 8545 3893

Note to Editor:
The Merton Business Investment Fund was set up to help people who want to start a business in Merton, but cannot raise all the finance they need from the commercial sector.

MBIF loans range from £1,000 to £25,000 repayable over four years or less, at 1% above the Base Rate. The loans are to cover up to 50 per cent of capital costs. These cover:
– Plant and equipment
– Initial advertising and promotion
– Initial training
– Premises extension and improvement
– Initial rent deposit.

There are no age restrictions, and we will help any type of business so long as it is legal and viable. We are also keen on community benefit – where businesses can give direct benefit to Merton.