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  • Small Business Finance - Information and guidance on how to finance your business.
    Irish businesses to innovate grow Government Supports Overview A number of government bodies and agencies provide funding and other supports to businesses particularly small businesses A network of 31 Local Enterprise Offices around the country provide advice information and support for starting up or growing a business For more details visit the Local Enterprise Office website here The Government has developed an online tool to help businesses find supports that

    Original URL path: http://www.smallbusinessfinance.ie/grow-your-business/category/innovate-grow-government-supports (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    businesses with expansion into new markets Government Supports Overview A number of government bodies and agencies provide funding and other supports to businesses particularly small businesses A network of 31 Local Enterprise Offices around the country provide advice information and support for starting up or growing a business For more details visit the Local Enterprise Office website here The Government has developed an online tool to help businesses find supports

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/government-supports (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    To find out more about cookies and how we use them please read our privacy policy here Small Business Finance About Us Contact Us FAQs Tools Downloads Business Start Ups Day to Day Needs Invest Grow Innovate Grow International Business Managing Finances Home start your own business sectoral supports Overview Setting Up a Bank Account Business Finance Options Overview Equity Credit Overview Credit Options Government Supports Overview EU Funding Managing

    Original URL path: http://www.smallbusinessfinance.ie/start-your-own-business/category/sectoral-supports (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    cookies To find out more about cookies and how we use them please read our privacy policy here Small Business Finance About Us Contact Us FAQs Tools Downloads Business Start Ups Day to Day Needs Invest Grow Innovate Grow International Business Managing Finances Home start your own business Overview Setting Up a Bank Account Business Finance Options Overview Equity Credit Overview Credit Options Government Supports Overview EU Funding Managing Finances

    Original URL path: http://www.smallbusinessfinance.ie/start-your-own-business (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    simple for sole traders operating under their own name to set up a business account sole traders and partnerships operating under a name that is not their true name s will need to provide the bank with evidence of the Registration of Business Name Partnerships should also provide information on the partners and the partnership including the partnership agreement Banks will also seek information on any other beneficial owners those with 25 or more of issued share capital or voting rights Limited Companies A limited company must pass a resolution of the Board of Directors to open a bank account Each bank will have its own mandate form which authorises the bank to carry out the instructions of the directors regarding the operation of the account such as who is permitted to carry out bank transactions on behalf of the company This form will include the wording of the resolution which the board must adopt The mandate form should be completed and signed by each person authorised to carry out transactions then returned to the bank with specimen signatures from each of the people authorised to make payments on behalf of the company The bank will also need to see the company s Memorandum of Association Articles of Association and Certificate of Incorporation as well as evidence of the Registration of Business Name if the account is being opened in a name other than the company s registered name The bank will specify if it needs a copy or original of the relevant documents Opening a Bank Account Checklist To open a business bank account you should have the following to hand A completed bank mandate form Specimen signatures for all those who will authorize transactions on the company s bank account The Memorandum and Articles of Association limited company

    Original URL path: http://www.smallbusinessfinance.ie/start-your-own-business/category/setting-up-a-bank-account (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    the owner putting his or her own money personal equity into the business but to expand and develop businesses often need more investment from private investors such as friends and family business angels venture capital companies and others To find out more about private equity click here Credit Many businesses borrow to finance their businesses whether it be for investment or expansion or for working capital To find out more about borrowing from banks and non banks click here State EU Aid State agencies in Ireland such as Enterprise Ireland and the County and City Enterprise Boards and European Union agencies such as the European Investment Fund make available grants and supports for businesses see Government Supports for details on supports available from the Irish government and its agencies and see EU funding for information on EU supports Own Funds The cheapest way to finance your business is to carefully manage the cash that comes in and goes out to make sure that there is always enough to meet your needs For more information about managing your cashflow please click here Managing Your Cash A business usually seeks to strike a balance between debt and equity to finance growth debt

    Original URL path: http://www.smallbusinessfinance.ie/start-your-own-business/category/business-finance-options-overview (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    their credit repayments and to identify any issues as they arise Businesses should work with their bank to manage their credit Some important steps that help businesses to maintain a good working relationship with their bank include Keeping the bank up to date with the business s performance whether the business is doing well or not Presenting current and accurate financial information on a regular basis Inviting the bank s relationship manager to visit the business premises so that they can see how it operates Seeking advice and information from the bank especially if the business has or could have cashflow or repayment problems or if the business is at risk of going over its agreed limit If the business does go over its agreed limit it may incur increased charges and it may also affect the business s credit rating Sticking to the terms of any lending agreement Regulation Banks must follow a code set out by the Central Bank of Ireland in relation to lending called the Code of Conduct for Business Lending to Small and Medium Enterprises SME Code The Code addresses a range of issues related to bank lending including applying for credit security or collateral requirements credit declines withdrawals compliants and financial difficulties The Code was recently updated by the Central Bank with additional provisions regarding small businesses in financial difficulties This revised Code will take effect from January 2012 Please visit the Central Bank s website to see the current and revised SME Codes Banks must also follow the Central Bank s Code of Conduct on the Switching of Current Accounts with Credit Institutions This applies to both personal consumers and small businesses with turnover of up to 3 million Managing Your Credit Rating If the business does not make the full repayment on

    Original URL path: http://www.smallbusinessfinance.ie/start-your-own-business/category/managing-finances (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    the owner putting his or her own money personal equity into the business but to expand and develop businesses often need more investment from private investors such as friends and family business angels venture capital companies and others To find out more about private equity click here Credit Many businesses borrow to finance their businesses whether it be for investment or expansion or for working capital To find out more about borrowing from banks and non banks click here State EU Aid State agencies in Ireland such as Enterprise Ireland and the County and City Enterprise Boards and European Union agencies such as the European Investment Fund make available grants and supports for businesses see Government Supports for details on supports available from the Irish government and its agencies and see EU funding for information on EU supports Own Funds The cheapest way to finance your business is to carefully manage the cash that comes in and goes out to make sure that there is always enough to meet your needs For more information about managing your cashflow please click here Managing Your Cash A business usually seeks to strike a balance between debt and equity to finance growth debt

    Original URL path: http://www.smallbusinessfinance.ie/start-your-own-business/category/business-finance-options (2016-02-16)
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