Invest in SBIC Incubators
SMALL BUSINESS INVESTMENT COMPANY LIMITED – INCUBATOR
FUNDING
Small Business
Investment Company (SBIC) specialize in helping small companies find seed funding through its 10 web sites and a
proposed Guildford training/hot desk incubator
centre.
SBIC is looking for £50k seed funding to help cover initial cash flow costs of
setting up the Guildford incubator. Agreed
Government and charity backed funding of £180k are available for the 6 month programme.
The Government has left £680 million in a job creation programme for
companies who have applied and not yet for filled their job creation plans. The allocation will be closed on
1 September 2010.
The programme is
aimed at 16-24 year old long term unemployed. SBIC has approached those
who have been allocated funding to pay the wages of 150 staff (50 on 3 two day periods) and
give SBIC £1000 for each person employed as management, mentors or
trainees.
Landlords of large empty properties are now expected to pay full
business rates. We will set up a Charity and offer the landlord to half this bill for a short term lease. We
will also apply for the 20% local charity refund on rates. We will not pay rates and have the estimated £30k
income from the landlord.
We will use third parties, charities and volunteers to provide the 2
day training programme. Staff will be expected to undertake work for third parties.
Equipment set up costs will be kept temporary for the 6 month
programme.
Though the initial programme is geared to a 6 month period we may be
able to repeat the exercise for another 6 month period. More than doubling profits.
SBIC is owned and run by Peter Bhanotwith help form David Bowman and specialist charity
consultancies.
If
the Guildford incubator project is closed
after 6 months an investor could;
-
treat the investment as a loan and have his investment
returned plus interest
-
have his investment returned and _% of the net
profits
-
convert the investment into shares in Small Business
Investment Company Limited
SBIC has projected
government and charity donations of £180k for the 6 month Guildford incubator project. Staffing costs would be paid direct. Set up and
training costs are estimated as £55K, leaving a net profit of £125k. If this were extended another 6 months,
the projected profits would rise to £270k. Any investment would be quickly backed by fee income and provide
the opportunity for a substantial return over 6 months.
Please contact
Peter Bhanot on 0780 370 7126 if you are interested in this
great opportunity.
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