Setting up a business is not for the faint hearted, it is tough, especially in the first few years. It can be stressful, lonely and sometimes isolating but being your own boss can also reap the greatest rewards such as, having freedom to make your own choices, set your own goals and work with the people you choose.
Start-up companies usually have a cash shortage, so any profits you make will go straight back into the business. Often, the founder of the company is the last person to see any financial return but these are the businesses that go on to succeed in the long-run and become truly successful.
By contrast, firms that “fund” the lifestyle of their owners are short-lived and if you are setting it up purely for the financial return then your business may not make the long-term at all.
Successful businesses are built with passion and hard work, and surrounding yourself with great people, is the recipe for success. It is vital to spend your money wisely, so make sure you keep a budget.
To help you lift off, business finance is available to support the purchase of property, goodwill, vehicles, stock and other key assets.
If you are looking to buy or start a new business and have a great business plan with the necessary experience, then your next move should be to speak to us.
We provide access to the widest range of secured and unsecured finance facilities to help get you started. We can also advise on the Government Enterprise Finance Guarantee Scheme (EFGS) and the possibility of acquiring regional grants dependent on your location.
◦ Commercial Mortgages to acquire a trading business
◦ Funding available to cover goodwill, fixtures & fittings and VAT bridging loans
◦ Secured Business Loans and MBO / MBI arrangements
◦ Equipment and Vehicle Leasing for assets valued from £2,000 upwards
◦ Invoice Factoring – Specialist schemes for new start and early stage businesses
For assistance with starting your new business please call us today to see how we can help. Tel: 0845 519 7104