Here at MSIF, we’ve had an exciting and busy month, with the launch of our brand new MSIF Finance Hub.
The MSIF Finance Hub is a new separate arm of our business. It is a free, single access, help point for SMEs trying to access external funding, created with the aim to make the process of accessing funding less confusing.
The MSIF Finance Hub was created after we recognised that whilst SMEs may need financial support, their propositions may not be ready to pitch to the potential funding sources.
Our Finance Hub Managers, Steve and George, will assist each SME by analysing their business proposition and creating an individually tailored package of help which suits the requirements of each company.
The MSIF Finance Hub will offer numerous services as part of these free packages for Liverpool City Region based SMEs, including but not limited to: an assessment of the SMEs financial position and funding requirements; appraisal of the business plan, including help with financial forecasts and other supporting information; identification and explanation of the finance products that could help the business; and coaching the entrepreneur, ensuring they are ready to pitch to funders.
It could also include introducing the business to the suitable finance providers and business support teams, or supporting them at meetings with possible lenders or investors.
Our MSIF CEO, Lisa Greenhalgh, commented: “Over the years we’ve come to realise how confusing the finance world can be. Businesses tend to be aware of bank funding, but that is not always available. There are alternatives that clients can choose from, but it’s difficult for them to know which product is right for them and their business.
She continued: "The Finance Hub is a gateway to all of the possible funding products, and offers applicants the support they need throughout the funding process. The team will make it simpler for our clients by being a single entry point for the guidance that they need. The overall aim of the MSIF Finance Hub is to give the SME the best chance of success in receiving funding.”
The services through the MSIF Finance Hub are available to SMEs within the Liverpool City Region and surrounding areas that are not in a position to pay for this kind of support.
If you feel like you, or a client or customer of yours could benefit from some assistance from the MSIF Finance Hub, please direct them to www.financehub.msif.co.uk where you can find all of the relevant information, including case studies and contact information.