Funding Growth

Three people discussing funding options

You may decide your business needs more money to realise its full potential. For a strong business with a well-thought-out growth strategy, financing options include:

  • Bank finance. Bank lending is getting a lot more competitive – and you don’t have to borrow from the bank you hold your accounts with. See www.betterbusinessfinance.co.uk for more information on bank lending for small businesses.
  • Alternative borrowing. Invoice finance could let you raise money against bills your customers have yet to settle. You may also be able to borrow against your business’s assets. 
  • Crowdfunding. Websites such as Funding Circle and Thin Cats let small businesses go straight to individual lenders. See www.ukcfa.org.uk for more information.
  • Equity investment. An investor such as a private equity firm, a venture capitalist or a business angel can bring in capital, as well as being a supportive business partner. See www.bvca.co.uk or www.ukbusinessangelsassociation.org.uk.

 

Experts say

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