Finance and Funding
Finance for New Businesses
In some cases, your new business may require external funding to get started. If this is the case, you’ll need to prepare a business plan to show potential revenue, your competitive advantages and the skills and expertise you have to grow your business. This will demonstrate the value of your business and may help convince others to invest in your venture.
How you finance your business will depend on several things – whatever level of financing you require, here are some of the options you might like to consider:
Start-Up Funding Options
Business Start-Up grants – your start-up business may be eligible for a grant. To find out more about the funding opportunities currently available, please visit our Funding Finder.
Start-up business loans – banks, other businesses and independent providers could provide your business with an amount of credit which you can repay over an agreed period of time. As well as paying back the amount you have borrowed you will also need to pay interest, which will be based on the amount you require and how long you need the loan for.
Equity – you may prefer to go down the equity finance route where you raise finance through the sale of shares in your company. Your investors then take a share of any profits your business makes.
Where next?
Still confused about your funding options? Speak to our helpful team members today.