Most businesses start with funds from the founder, perhaps also their family and friends. Sometimes this is all that’s needed and a few companies manage to bootstrap their way to market, but this is rare. Most ambitious companies – particularly those with products involving R&D – will need to raise funds from external investors (e.g. … Continue reading How to make a first approach to seed investors
We’re all familiar with alternative sources of business funding – crowdfunding, angel investors and so on but have you considered pension-led funding? One of my SME clients has been needing some financing recently in order to allow them to invest and grow the business. Their problem was that their balance sheet was not particularly strong, … Continue reading Bank said ‘no’ to loan, why not dip into your pension pot?
What are the alternatives to a bank overdraft? In the last couple of years, two businesses I work with have been refused an overdraft by their existing bank. This is despite relationships going back many years. They are in different sectors with different reasons for additional funding – expansion plans and cash flow problems. However, … Continue reading What funding is open to a business when the bank says “no”?