Advice on Bank Finance from Peter Ibbetson

One of the most fundamental starting points for any new business is to work out funding options. And for many, the bank is the most obvious place to go. In this video, which provides advice for small businesses and start-ups, Peter Ibbetson chairman of small business banking at RBS and NatWest, talks about how to get financing.
Ibbetson discusses “when you should approach your bank to talk about the business you’re starting, whether you should apply for a loan or an overdraft, how to make cash flow forecasts, the Enterprise Finance Guarantee (EFG) and what other support you can get from your bank manager.”