What types of finance are available?

There are many types of finance available and ways to generate finance for your business. It may not be easy to raise finance, but there are always new lenders entering the market with different propositions to consider.

Here are a few ways:

  • Family or friends
  • Bank – overdraft, loans, commerical mortgages,
  • Credit cards
  • Invoice discounting and factoring
  • Debt finance
  • Grant support
  • Equity finance (eg investors)
  • Peer to peer lending
  • Asset finance
  • Hire / lease purchase
  • Finance lease
  • Operating lease
  • Contract hire
  • Sale and leaseback
  • Supplier / Supply Chain finance
  • Pre-sales

Please take the advice of experts before taking on debt for your business. Ensure that your understand how the charges and interest are made up and you are comparing like for like, but not just getting attracted by the headline.

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