Our Business Finance Guide

If you want your business to grow and reach new heights, you may need to borrow money. Here is a closer look at your different business finance options.

Any of the following could offer business finance, depending on the type you choose and how much you need to borrow -

High street banks.

Individual investors.

Hedge fund managers.

Members of the public.

The government.

How much money you can get for your business, how much it will cost and the terms of the investment all depends on the type of finance you choose.

Your company could borrow between £1,000 and £3 million with a business loan, depending on your circumstances. You can pay them back over 1 month to 15 years.

With a business credit card you can make purchases for your business the same way you would with a personal credit card. They can be ideal if you need to borrow money to pay for day to day transactions and expenses, and they can be issued to several members of staff.

A business overdraft works in the same way as a personal overdraft and is a good option for businesses who need flexible borrowing.

Crowdfunding works by pitching your business idea online and offering perks or rewards to investors if your investment target is met. It is also called donation or reward crowdfunding.

Government grants are designed to support new businesses, those in certain sectors of the economy, or specific areas of the UK. They are good if you need an injection of cash to get started.