It wasn't that long ago that borrowing from your bank, friends, or relatives were the only available options if you need to raise money to start your business. How times have changed!
While some high street banks are still an option for a robust proposition with match funding or the security of the equity in your home, many start-ups have found that traditional bank overdrafts and loan facilities are no longer a realistic hope.
Thankfully, a whole new world of 'alternative funding' is emerging. You may or may not have heard (apparently 95% of UK businesses survey haven't) of equity based crowd funding, reward based crowd funding, peer-to-peer lending, pension-led funding, invoice trading, debt-based securities business angels and private investing (as seen on TV's Dragon's Den).
The government also recognises that start-ups can play their part in the economy as potential tax payers and employers hence the introduction of the
Start Up Loan Company.
This fund allows you to apply for up to £25,000 per person -
Find out more
- some areas do have grants available to aid new businesses. They tend to be location and/or sector dependent but a fanstatic boost for anyone who qualifies.
The only problem now is knowing which of these is likely to be best for you! To help you decide, we have created a free funding report...
Free Funding Report
If you need to raise some money for your new or existing business and would like to know what options are open to you (without any obligation), please complete and submit this simple form.
Request our FREE report which explains all of these 'new' funding choices in simple English.
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