Below, you’ll find a list of our top blogs on getting you funding ready. We’re always looks to write and add new content, so do let us know if you’d like to see more content on any particular topic.
Hope you enjoy!
The Swoop Team
Starting a new business introduces several challenges. With growing competition and a rise in digital technology, a brilliant idea is no longer enough to disrupt markets and guarantee success. New entrepreneurs need access to capital, mentoring and resources in order to make their mark in their chosen sector. Put simply, accelerators are there to prevent start-ups from early failure. Full article here.
There’s one thing that most start-ups have in common, and it’s that at some point, you’ll be sending off a pitch deck to potential investors. For some it’s a walk in the park, but for many it’s a dread-inducing minefield that can, at times, feel impossible to navigate. Here are a few basic tips to get you started. Full article here.
The Patent Box scheme is relevant to all companies paying U.K Corporation Tax, including UK subsidiaries of overseas groups. It is a tax incentive to businesses to make profits from their patents, by reducing the tax paid on those profits. Introduced to the U.K in 2013, the scheme aims to promote innovation and research and development (R&D) across UK businesses, with the objective of encouraging them to commercialise their patents in the UK. The Patent Box allows a 10% tax rate on profits derived from any products that incorporate patents. Full article here.
Debt Service Coverage Ratio (DSCR) is one of the biggest financial ratios that loan providers use to analyse your loan application. The ratio is highly useful because it offers a good indication on whether you’ll be able to pay back the loan facility with interest.
A DSCR over 1 is good and the higher it is the better. So, if you are below 1, you should talk to your advisors before proceeding to apply for a loan facility. This is why one of the first features we have rolled out on Swoop, is your financial dashboard which calculates your DSCR for you. Full article here.
Put simply, equity financing refers to the sale of an ownership interest, to raise capital for business purposes. It can range in scale — from a few thousand pounds raised by a business owner’s friends and family, to millions provided by giant corporate organisations, such as Google. An important thing to remember about equity financing is that it’s different from debt financing, which refers to funds borrowed by a business. Full article here.
Recently, we’ve noticed quite a few Irish early stage businesses using convertible notes as the medium for their seed investment rounds. With the SEIS & EIS schemes proving to be so popular, many UK investors aren’t used to seeing this approach, so we thought we’d take the opportunity to walk through what a convertible note is and why you would use it as a option for an investment round. Full article here.
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