Companies who are searching funds for the realisation of their projects have more possibilities. Due to non-refundable character of national and European programmes these are the most desired once. In spite of that we should not to forget other financial opportunities as well.
Only when we analyse all possible ways of the project’s financing we are able to choose the most suitable financing type, or in most cases the combination of different financial sources.
The main questions which should be answered are related to the:
- time which is needed for the funds acquirement;
- specific requests and conditions required by an individual financial source;
- average successful rate;
- business opportunities which might come of the project also after the project’s official end.
The spreadsheet below presents simplified principal differences among individual groups of possible financing forms.
[wpsm_comparison_table id=”5″ class=””]
In all cases the project initiator has to present to the potential financial source a very good value proposition as well as organisational and management capabilities which convince the financial source about the high probability of successfulness of the project.
Above mentioned “pre-decision making factors” should be also the first subject of any business consultant who offers an advice and assistance to SMEs in their search for funding. Only then the other business consulting support eventually may follow (proposal preparation, and other assistance in the implementation and other phases).
