Northumberland Business Funding & Business Finance
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...
Recommended Local Partner
Wattsford Commercial Finance is an Independent Specialist Consultancy, providing Commercial Finance and Business support to clients throughout the whole of the UK who wish to access finance and funding to grow their business.
Whether your business is well established or a new start we can help you with Commercial Mortgages, Property Development Finance, Business Loans,Short Term ‘Bridging’ Finance, Factoring, Equipment Leasing and advice on Grant Funding and how to secure funds via the Government Enterprise Finance Guarantee Scheme (EFGS).
Wattsford Commercial Finance are genuinely independent, wholly impartial and offer straightforward honest advice, given freely and without obligation. Through our established Lender Partner Network we manage senior level relationships with over 250 alternative lenders’ and offer our clients a true whole of market proposition.
Our lending and funding partners rely on us to introduce new and well qualified business opportunities for underwriting approval. These include High Street Banks, Merchant and Challenger Banks, Private Funding Groups, Investment Trusts and high net worth Personal Investors who are all keen to lend on the right proposition.
When your own Bank has been unable to offer the finance or at the terms you need, then Contact Us. We will quickly assess all the available options for you and do everything possible to find a workable and affordable business solution, tailored for your business.
Time and again we prove to our clients that we can secure funding where others fail and in the majority of cases our advice and support will save you significant amounts of money over the course of the loan. The vast majority of specialist lenders in the current marketplace only accept qualified and packaged mortgage and loan proposals from Specialist Brokers who are regulated by the Financial Conduct Authority such as ourselves.
If you run your own business in
and would like to learn more about
the funding options for your business, we have compiled a library of useful resources and frequently asked questions which we hope that you will find both interesting and useful.
Interest Free Credit: Looking for business finance?
If you’re anything like most SME owners, you’ve probably lost sleep over at least one of these scenarios:
Cashflow problems, not having enough cash in your business to function smoothly.
Not knowing how to grow your business or how to fund the expansion.
Needing funds to invest on updating your equipment and technology.
Pulling your hair out due to late payments or bad debt from customers.
Your slow season is getting longer and busy season shorter leaving a massive cash gap.
These are valid worries. Cash can disappear and be agonizingly slow to come in, and sometimes a loan feels like the best option to help you through those times….. is it though?
BBX doesn’t replace your cash business but gives you additional revenue by selling your spare capacity within the BBX community.