There are a number of funding solutions a new business should consider, the best funding option will depend on multitude of factors and can only be assessed on a business by business basis.
Before drawing up a strategy, it is important to understand how much finance will be needed and for how long the finance will be required. This will affect the type of finance you will need.
You will also need to tell the lender what you need the finance for and what are the risks – they will want to see your business plan.
You will also need to consider if you have any property assets or a willing guarantor who will provide security for the debt – this will make borrowing much easier.
