Starting a business can be both an exciting and frustrating time. You’ve got a great idea, supported by a clear strategy and a solid business plan, but finding the funding that’s required to make your vision a reality is proving to be a struggle.
Personal savings will only go so far and, while many turn to their friends and family or even rely on credit cards, this isn’t always the most suitable or sustainable way to fund a fledgling business. Fortunately, there are a number of cost-effective and beneficial business start-up funding options to help you get off the starting blocks.
As an independent commercial finance broker, Hilton-Baird Financial Solutions takes the time to understand the specific finance requirements of each business we work with in order to match them with the most suitable start-up funding facilities on the market.
To find out how we could help you secure the funding to start a business, call us on 0800 9774833 or email email@example.com.
Factoring releases up to 90% of an invoice’s value within 24 hours of its issue to keep cash flowing while trading on credit terms. In addition, the factoring company provides a dedicated sales ledger management service to remove the burden of credit control and give you the time to focus on growth.
Equity investors such as business angels and venture capitalists provide capital investment in return for a share of equity in your business. In addition to the funding this delivers, businesses will also benefit from the investor’s expertise.
Crowdfunding gives businesses the opportunity to raise funding by way of a loan or in return for equity in the business. With funding secured from several investors rather than an individual venture capitalist, the reduced risk to investors could lead to securing funding outside of traditional parameters.