Finance Friday New Government Funding for Property Developers
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Shaz shares great information about a government loan scheme available now. If you are a developer with a project due to complete in September this is something you should be looking at to see if you meet the criteria.
\\nFunding starts at £250,000 and goes up to 5 million with the Government also covering valuation and legal fees for those who qualify, what’s not to like for the property developer!
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KEY TAKEAWAYS
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- If you are a property developer who is looking to complete a project before the end of September there is Government funding available now. \\n
- It’s interest-free for the first 12 months and funding starts from £250,000 going up to 5 million. \\n
- Loan to value is 65%. \\n
- The government will also pay for your valuation and legal fees. \\n
- You have to self-certify that you have been impacted by COVID. \\n
- You have to apply before the end of August and the funding is limited. \\n
- If you are a property developer looking to complete a project this is something you should be taking advantage of. \\n
- You will need your project details – how many units, sales forecast, financials and how much funding required for exit. \\n
- It is expected that you will be exiting by the end of September. \\n
- You will need to complete an assets and liability form and supply your track record and a CV to demonstrate previous experience. \\n
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BEST MOMENTS
\\n‘It is significant and will help lots of small and medium-sized developers’
\\n‘With the government paying the valuation and fees what’s not to like’
\\n‘You should seriously consider this’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
\\nThis show was brought to you by Progressive Media
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