How to get money to start a small business
Do you have a money-making idea that you want to turn into a reality? Whether it’s an original concept, exploring another avenue or improving upon an existing business model, deciding to become your own boss can be very exciting. But, at the same time, it also comes with its own unique set of challenges as well. One problem that many new businesses run into is a lack of capital, which is vital for supporting growth, innovation and day-to-day operations. However, there are plenty of funding opportunities available to you, you just need to know where to look. So if you have an idea for a business in your local area, just some of the funding opportunities you have available include:
How do you qualify for a Business Loan?
Despite being a feature of the UK lending landscape for years, too many business owners are still unaware of the benefits of Business Loans as well as how to apply for one. It’s an unfortunate issue resulting in business owners not taking advantage of the support mechanisms they need to further their goals. This need to change. If you’re looking to raise funds for your business but aren’t sure how to go about it, here’s what you need in order to qualify for a Business Loan.
5 reasons to grow your business with a Commercial Mortgage
Pulling together your finances in order to purchase property can be a risky strategy for your business. It’s also unnecessary considering that are so many Property Finance solutions available, including Commercial Mortgages. Indeed, a Commercial Mortgage can be a useful tool for your business to take full advantage of, and for good reason. Whether you’re already a property owner or are seeking to give your business a footing on the property ladder, Commercial Mortgages can help spread out the total costs involved, easing the pressure on your finances. So if you’ve got a property-specific goal that you’d like press ahead with, here are just some of the reasons for why you might consider applying for a Commercial Mortgage:
What is Asset Finance?
Keeping your business’ operations running has never been a simple undertaking. As well as hiring trained staff and maintaining sufficient supply levels, you also need access to the latest equipment in your sector. However, the cost of expanding or replacing ageing equipment is often very expensive and may push you into financial difficulty were you to use your own savings. That’s why, in order to overcome this challenge and continue producing quality goods and services, more and more UK business owners are choosing to apply for Asset Finance. Asset Finance is a specialised package which gives you access to a variety of Secured finance solutions that are dedicated to helping your business gain access to the equipment it needs to succeed. But in order to receive a suitable agreement for your business, you must ensure that you’re fully aware of each of the products that are available.
What is a Business Loan?
Growth, sustainability and competitiveness are all vital elements that define a thriving business. But in order to tip the scales in your favour and gain the confidence to pursue all of your short- and long-term objectives, having sufficient amounts of capital available is something you can’t do without. Yet despite its necessity, many UK businesses are still struggling to acquire the support they need to drive themselves forward, and with momentum. This is both unfortunate and unnecessary, especially with the wide range of finance solutions on offer, including Business Loans. Business Loans are a great way of raising capital for a wide range of purposes but are often misunderstood. So to help you decide whether this would be an appropriate solution for your business and achieve a brighter tomorrow, here’s what you need to know about Business Loans.
How to find suitable business finance solutions for your clients
In order for your clients’ business to succeed, they need to ensure a reliable rate of growth and a steady foundation with which to build on. However, to achieve their goals, they’ll also require access to sufficient amounts of capital and support, which is where you come in. As an accountant, you’re in a position of trust helping business owners manage their finances. But are you also guiding them on matters of finance? Although it’s tempting for your clients to look internally and fund key projects by themselves, this could deplete essential cash reserves, which they may depend on later in their development. Fortunately, you’re in the perfect position to show them another way. By exploring what the Alternative Finance industry has to offer, your clients could gain access to the funds they require to target and enhance any aspect of their business. All you need to do is source a suitable finance solution for their business.
How to get a loan to start a small business
You have a vision, a detailed business plan and a great team. All you need now are the funds. But, how do you get them? Unfortunately, this is a stumbling block that many developing small businesses run into. However, making sure that you have the means to achieve a reliable rate of growth and remain sustainable is crucial. If you’re to succeed, earn a loyal customer based and outshine your competitors, you must find a way to overcome this obstacle. But rather than turning inwards, exploring what funding opportunities are available could provide you with the funds necessary for overcoming the odds. So if you’re interested in becoming your own boss and reaping the benefits, here’s how you could get a loan to start a small business.
Decision Time: Asset Refinance vs Overdraft Replacement
In order to succeed and achieve a sustainable future, you must ensure that your business has the ability to grow and run reliable day-to-day operations. However, this requires access to sufficient amounts of capital, which can seem quite a tall order, especially if you need it at short notice. But rather than depleting your personal savings or diverting funds away from other areas of your business, you could explore what the Alternative Finance industry has to offer. Two products that you could use to support your goals are Asset Refinance and Overdraft Replacement. But in order to choose which of these options is the most appropriate for your individual business’ needs, you must ensure that you’re fully aware of the pros and cons of each.
Decision Time: Commercial Mortgage vs Bridging Finance
Whether you’re a developer or a buy-to-let landlord, the first thing that will strike you about the UK property market is how it seems to grow in value year on year, in spite of the political and economic challenges that have arisen. As such, this has made property an invaluable asset to possess, but not an easy one to acquire. However, if you’re looking to start a property portfolio and expand your business into new markets, there are two products available that could help. Commercial Mortgages and Bridging Loans present two entirely different methods of realising your property goals, but in order to ascertain which of these is most suitable, you must ensure that you fully understand how they work before placing an application.
Decision Time: Secured Business Loan vs Merchant Cash Advance
Looking to raise funds for your business? No matter what stage your business is at or how ambitious your vision may be, your ability to achieve your goals depends on the amount of capital you have access to. But for the SME community especially, this is an aspect of running a successful business that can prove particularly frustrating. However, there are plenty of funding opportunities available, but if you don’t know where to look, choosing a suitable solution can be just as troublesome. Two popular products for early-stage UK businesses are Secured Business Loans and Merchant Cash Advance. But in order to make an informed decision, understanding how they work and what makes them so different from each other is vital.
Commercial Buy-to-let Mortgage: what is it and how does it work?
Property is a highly sought-after commodity and the expense can make it very difficult for many UK residents to step onto the property ladder. Ultimately, the ever-growing demand for housing is fueling the buy-to-let market. As such, more and more entrepreneurs are now choosing to explore the advantages of becoming a landlord. Nevertheless, the challenge you still need to overcome is the cost. Fortunately, this is where applying for a Commercial Buy-to-let Mortgage can help. Buy-to-let Mortgages are secured, long-term solutions designed specifically for buy-to-let property. So if you’re looking to subsidise your income or improve the quality of your portfolio, here’s what you need to know about Commercial Buy-to-let Mortgages.
Asset-Backed Finance: what is it and how does it work?
In order for any business to operate effectively and maintain a reliable rate of growth, having access to sufficient amounts of capital is something you can’t do without. It enables you to support everything from vital growth products and driving awareness to reinforcing your bottom line. However, using your own cash reserves may deprive you of the funds you’ll need as your business continues to develop. So, rather than holding back, applying for an asset-backed finance solution could enable you to receive a lump sum and enhance the capabilities of your business. If you need to raise capital, here’s what you need to know about Asset-Backed Finance.