Whether you’re starting or growing a business, investment is key. But the most suitable business finance option for your business will depend on many things, including how much funding you need and what you need it for: whether you can offer assets as security and whether you own business property.
You can invest by putting previous profits back into your business; taking out a loan or securing sources of finance, including government-backed schemes.
A bank loan is not the only way that you can raise money to fund your business plans. For some businesses, equity investment – raising capital through the sale of shares – may be most suitable. For equity finance, there is a growing number of business angels prepared to back businesses with growth potential.
For less risky types of businesses, debt finance may be more appropriate. If you are struggling to obtain a business loan to help fund your business plans, you could consider alternative finance providers such as peer-to-peer lenders or crowd funding platforms.
Our Support Finder tool contains information on Government-backed schemes with national access and those available locally in Herefordshire, Shropshire, Telford & Wrekin and the wider Midlands.