Finance Guide: Growth Finance3rd November 2015
Business finance can be used for a lot of purposes – replacing broken-down machinery or buying new property to develop, for example – but the most basic reason business owners look for finance is so that they can grow their business. Any loans taken out or funding acquired for the purpose of growing a business is called growth finance, and below are the three most popular avenues through which to raise it:
- Working capital – access to working capital can allow a business the extra cash necessary to take on new contracts.
- Asset finance – loans specifically designed to fund new physical assets, like machinery or equipment, can help a business increase production.
- Property finance – a business can physically grow by taking out loans that allow it to move to larger premises, whether by renting or buying.
Whether you’re a professional advisor researching funding options for a client or a business owner looking for a way to bring in some extra capital, you’ll enjoy our series of Finance Guides – all the information you need in a short and simple package.
Rangewell’s innovative online portal has mapped the entire market of SME finance in the UK in order to provide small businesses and their advisors with finance options tailored to their specific needs. If you’re interested in growth finance, we’ll use our extensive market map of thousands of loan products and over 200 business lenders to connect you to whichever option suits your situation best.
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