Source the Right Finance Solution

Source the Right Finance Solution

With your Plan in place you’re ready to approach your bank but don’t forget that there are other finance options.

Whilst the traditional High Street banks do provide funding for growing businesses, today is about balancing that support with the expanding range of alternative finance solutions. Here are some options:

  • Purchase equipment and machinery? To preserve your cash consider applying for an asset finance facility which spreads repayment over three to five years
  • Investigate unlocking cash tied up in invoices via an invoice discounting facility. This allows you to access cash now instead of waiting for 30 to 90 days thereby speeding up your ability to grow
  • Crowdfunding your finance needs is growing in popularity. If you are looking for additional funds by selling shares in your business check out equity crowdfunding services provided by the likes of Crowdcube, and Seedrs. You can also source a business loan repayable up to five years via crowdfunding platforms such as Funding Circle and Ratesetter