Finansiering av investeringar i immateriella tillgångar - DiVA

Abstract
Title: Financing investments in intangible assets
Level: Master thesis in business administration
Date: 2008-05-28
Authors: Christian Voltaire Contreras
Järntorgsgatan 5
632 25 Eskilstuna
070-4177463
Tutor: Esbjörn Segelod
Valerie Gillebrink
Östermalmsgatan 6 C
722 14 Västerås
070-7955979
Problem: On an appraisal of an errand of credit the bank looks to the business
condition of the project. When applying for credit at banks there could be
problems for companies with intangible assets as the most important assets
in their account. This is because intangible assets do not work the way
tangible assets does. Therefore it brings vague safety for a granted credit.
Purpose: The purpose of this thesis is to find what is required of a company for
having a loan granted.
Method: We have found relevant books and articles by searching literature in the
university library in Eskilstuna and Västerås. Based on this literature we
created a theoretical framework and an interview protocol to guide us in
our interviews. The ones we interviewed were one bank and five service
companies.
Conclusion: For a bank to choose to finance an investment of a company the deal must
give profit on the given credit. The management of the company must
thereby be considered as experienced and competent to succeed generating
profits for the company so the amortization can be certain. The company
also has to prove a god historical record.
Company searching credits have to be able to hand over securities in case
of an unsuccessful repayment. Since intangible assets do not have any
value of security, stocks, claims, bonds and blocked funds can be given as
pledge instead. If this should not be enough as security for a possible credit
personal surety might become the only remaining option.