Raising Finance

Q: What are the main sources of finance?

A: Finance is available in many forms, but it is important to make sure that it is right for your business. Onerous terms and inflexibility can often hinder a growing business.

The more obvious sources of finance include:

• Bank overdrafts.
• Bank loans including the small business loan guarantee scheme.
• Equity Capital: Venture capitalists, Private individuals (including
• friends and family), Incubators.
• Asset financing.

Joint venture partnerships and strategic alliances can often reduce the requirement for business financing.

Other means of finance may be available for your business from government sources, which can be in the form of grants, or a concessionary loan, particularly if your business is in the manufacturing sector or creates new jobs. Other grants may be available on a regional or local level.

If you would like to ask a specific question or request a more detailed fact sheet please email us.