Home Boost Business Lancashire logo

Finance Q&A: Jonathan Nelson

BOO_FundingHub_QAs2

Jonathan Nelson is fund manager for Rosebud, a Lancashire business loans provider and a proven alternative lender to high street banks and traditional finance providers. Rosebud is funded by Lancashire County Developments Ltd, a subsidiary of Lancashire County Council, and provides loans from £10,000 to £300,000 for businesses across 12 administrative areas of Lancashire. Jonathan shares his top tips relating to business funding.

What gets you excited about helping businesses secure funding?

I have been involved in funding businesses from early stage to well-established organisations. Each has their own dreams and ambitions and to play some part in helping business owners and their colleagues achieve these is predominantly why I enjoy helping them.

When looking for funding, where should a business start?

The marketplace is huge. There is a plethora of funders available for start-ups to established businesses. This can be over facing so take the advice of professional business advisors such as Access to Finance in Lancashire.

What are your top tips to get a business investment ready?

Can you demonstrate that you have a product or service that people are prepared to pay for? Prepare a pitch deck. Have you got a business plan in place backed up by financial forecasts? Do you understand your business model, your market, your competition? Set realistic milestones.

What are the common pitfalls businesses make when seeking funding?

Always be fully prepared when speaking to funders and do your research. What type of funding is required? Raising funding is both challenging and rewarding. Make sure you apply for the amount you need. Don’t over-estimate future revenue, ensure the time for raising finance is right, consider all your options.

What are funders looking for in a leader and management team?

Knowledge of their product or service, their market and competition. Passionate about their business, experience, are they adaptable to change? Can they drive their team to succeed? Are they fully committed to the business? Do they have a clear strategy to grow the business and deliver? Be receptive to new ideas, making mistakes and learning from them.

Why should investors and funders be looking to Lancashire businesses?

Lancashire has a huge pool of talented people and is undoubtedly a cost-effective location to do business. Innovation, industry, connectivity and hard work are all focal a thriving and ambitious regional economy.

For further information, visit www.rosebudfinance.co.uk.  

Share

You may also like...

YFM Equity Partners and Par Equity Announce £8.7million Investment into EV Charging Software Innovator FUUSE web
6th June 2024
 | 
Finance
YFM Equity Partners and Par Equity Announce £8.7million Investment into EV Charging Software Innovator
YFM Equity Partners (YFM) and Par Equity, alongside an angel syndicate have announced an £8.7m growth capital investment into Fuuse Limited - a leading provider of electric vehicle (EV) charging software.
Boost launches new Investment Academy to help prepare Lancashire businesses for equity investment Investment Academy   web image
24th May 2024
 | 
News
Boost launches new Investment Academy to help prepare Lancashire businesses for equity investment
Boost’s Access to Finance service has launched a new Investment Academy designed to help businesses better understand how to secure equity investment.

Sign up to our newsletter

For insights and events to help your business thrive.

In completing this form, you understand that Lancashire County Council (Boost) has a requirement to process your personal data. Lancashire County Council will only ever process your personal data where it has a clear lawful basis for doing so in full compliance with data protection legislation - UK GDPR and The Data Protection Act (2018). We will ensure the security and confidentiality of your personal data at all times. For full details of how Lancashire County Council handles your personal data please see our privacy notice here . Some information relating to this public funded project may be declared to third parties under the Freedom of Information Act 2000.
Funded by local govmt
Levelling Up
Department for Trade and Business
Northern Powerhouse
Lancashire County Council

The website uses cookies.

Some are used for statistical purposes and others are set up by third party services. By clicking 'Accept all & close', you accept the use of cookies. For more information on how we use and manage cookies, please read our Cookie Policy.