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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

They can be delivered in London or in your home town. You decide.

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Sources of Finance for Business

  • Banking and Financial Markets, Bonds & Fixed Income Markets, Corporate Finance, Retail Banking
  • Duration: One day
  • Information

    This programme is designed provide a comprehensive coverage of the key skills needed to evaluate the funding options available to businesses. It will provide an understanding of how to assess various types of debt instruments in terms of advantages and disadvantages to both the issuer and the investor and how to access the various pools of liquidity.


    Session 1:

    Types of financing

    • Equity. Common stock, Preference Shares;

    • Analysing the makeup of the share register

    • Long Term Debt;

    • Bank finance.

    • Available tenors

    • Appetite of existing/new lenders;

    • Capital Markets

    • 144A & private placements

    • High Yield Debt

    • Hybrids

    • Short Term Debt;

    • Funding through the Net Trade Cycle

    • Working Capital Finance & Seasonality

    • Bridge Finance

    • Special Situation Finance;

    • Acquisition Finance

    • Project Finance

    • Buyout/Leveraged Buyout Finance

    • Senior, Second Lien, Mezzanine debt;

    • Leasing

    • Debtor Finance

    • Securitisation

    • Government Finance/Grants

    • An introduction to priority ranking of debt

    • FX, Interest rate hedging and derivatives

    • Capital structure and credit rating

    Session 2:

    Optimal capital structure - A banker’s view

    • Understanding the source of repayment;

    • Analysing the cash flow to assess serviceability

    • Alternative repayment source

    • Ratio Analysis;

    • Leverage & Gearing ratios

    • Net Debt/EBITDA

    • Fixed Charges Ratio

    • Capitalisation of Lease obligations

    • Debt/Tangible Net Worth

    • Liquidity – Quick & Current ratios

    • Security & Covenants

    Session 3:

    Optimal capital structure - An investor’s view

    • Capital valuations

    • Dividend policy

    • Introduction to Capital Asset Pricing Model

    • The Beta (β) coefficient

    • Modigliani-Miller (M&M) theory and Hamada’s equation

    • Introduction to WACC

    Course Close

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    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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