How Do You Raise More Finance For Your Business?
Until recently the big banks were the first stop for businesses wanting to borrow money, but the market place is changing.
Alternative funders are increasingly becoming the first choice for businesses worried that the banks will not lend. But how do you chose which alternative lender is right for you? What services do they provide and how do the charges stack up?
This guide has been designed to help you weigh up the different options that each form of financing presents. We have created broad categories and the figures used are simplified for illustrative purposes.
This is not meant as a definitive document, all business have unique needs and circumstances as do the funders. What it is designed to do is give you a general starting point from which you can then find out further information. We’ve used the borrowing requirement that industry estimates suggest is the average needed by SMEs in the UK (£75,000 over a five year period).
Many of these types of funding can also be used in combination, allowing you to mix and match your needs with what works best for you.
If You Need Funding For Your Business
If you're interested in using the money in your pension fund to support or grow your business, please get in touch using our contact form.
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