Welcome to Business Finance Guide
One needs business finance advice while starting up a new venture, managing it and in the growth phase. The range of options includes borrowing money from banks and investors. The best way to increase cash flow would be to take help from family and friends at lesser or nil interests. In some cases, grants or government aids may also turn out to be vital options. Sometimes, a combination of all these will prove to be the best financial solution.
Draw a business plan that will outline the costs and forecast the funding requirements. It will also outline your needs clearly to the creditors and investors. The financial options in detail:
Business Finance Advice – Borrowing
- Savings: This is a preferred option especially by entrepreneurs as they will not have to depend on others for their funds. Business finance advice suggests that you must ensure that the savings are wisely used.
- Family and Friends: It could prove to be a good business finance advice at no interest amount if you can pay back in time. A formal agreement could help solve misunderstandings that arise in due course.
- Banks: Building societies and banks provide loans for funding your business. Compare interest rates and negotiate with the bank manager for good rates. For information related to Business finance advice and interest rates in particular, refer to the website’ British Banker’s Association’. Alternatively, a finance broker will help you get the best deal.
- There are special support organizations for making funds available for specific groups according to business finance advice: Prowess funds women entrepreneurs of London; Asian Business Development Network and Ethnic Minority Enterprise Network provides Business finance advice to Asian and minority businesses in London; The Black Business Initiative supports blacks in London.
- Small and medium sized businesses offer loans up to £50, 000 according to Solutions for Business portfolio, England. They also help enterprises to receive equity and flexible business finance advice .
- There are ‘Specialist Lenders’ in London offering business finance advice to specific communities: The Islamic Bank of Britain for providing Business finance advice to Muslims and offers sharia-compliant lending. PRIME assists people over 50 years in London with funding requirements. In England, young entrepreneurs are encouraged and given Business finance advice by Prince’s Trust. Co-operatives and businesses with good prospects can avail finance solutions at Industrial Common Ownership Finance Fund.
- Commercial mortgages and lenders also offer business finance advice for those who want to take a mortgage. You can use the service of a mortgage broker to assist you. They are listed on the website ‘National Association of commercial Finance Brokers’.
Remember to avoid loan sharks and unauthorised moneylenders as business finance advice. UK Cards Association, Building Societies Association and the British Banker’s Association together ensure that the sanctity is maintained when providing funds. If, by any chance, you have failed to receive loans in London, then avail Business Link Financial Intermediary Service for business finance advice and guidance.
In case you can’t provide collateral as security for loans in London, then the government will provide guarantee and business finance advice. The Enterprise Finance Guarantee is a scheme that will cover 75% of lender’s exposure on individual loans especially if your annual turnover exceeds £ 25 million. A similar ‘Small Firms Loan Guarantee Scheme’ is available for firms with an annual turnover of less than £6 million. Seek business finance advice as part of the Business Solutions portfolio. The European Investment Bank offers business finance advice to avail lower cost and long-term loans.
For detailed information on business finance advice, find the local Business Link office details at the government website ‘businesslink’. Discuss regarding the financial alternatives with them for a cost-effective option and receive tips on business finance advice.
Capital Allowances: Claim tax benefits on certain purchases or investments according to business finance advice. These allowances are available on plant and machinery, research and development and on buildings. All businesses in England avail first-year allowances where proprietary concerns can claim an annual investment allowance for expenditure up to £50,000. Online transactions with Government Authorities of England can save time and money. Register in the website ‘Government Gateway’ to allow easy registrations with most of the authorities. These benefits are options of business finance advice to increase cash flow.
Shares and Equity: This option is availed by those who raise large sums of money as capital from external investors upon business finance advice. Business Angles are wealthy individuals who have a growing share portfolio in sound companies and offer business finance advice by utilizing their knowledge and skills. The British Business Angels Association lists the network of business angels.
Venture Capitalists invest even a minimum of £2 million and above and also offer business finance advice. The product must have a unique selling point, a large earning potential, top management experts and a proven record of accomplishment. There are two established venture capital associations providing sound business finance advice: The British Private Equity and Venture Capital Association lists all the venture capitalists in London. The European Private Equity and Venture Capital Association is more comprehensive and offers business finance advice related to equity issues.
Grants: If you are starting business in a deprived area, avail grants or avail funds and business finance advice from Community Development Finance Institution (CDFI). The CDFI does not take the credit history into account and considers each application on an individual basis for business finance advice. Location, size and sector are key aspects while evaluating an application for a grant. There are special R&D grants for research and development for technological innovations. You can get zero-interest loans at ‘The Carbon Trust’ by using energy-efficient equipment.
Joint Ventures: This is another alternative of business finance advice for pooling resources and capital for a higher growth. The joint venture could be ‘Limited’ which is sharing certain resources like a distribution channel or ‘Separate Joint Venture’ where a new company is set up. Though complex and risky, business finance advice is that it is beneficial, if carried out after research and thorough communication.
Receive business finance advice from internet, financial institutions and internet before making the financial option that is cost-effective and provides maximum returns. Internet has also resulted in proliferation of angel investor networking sites.
Business Finance Courses
The number of students from all over the world, who choose UK as their first destination for graduate as well as post graduate studies, is increasing each year.
Business Finance Guide Articles
Unsecured Business Finance
Unsecured business finance is a monetary finance that is not secured against the borrower’s assets. There are a wide variety of unsecured business finance options that may be available from financial institutions under many different appearances or marketing packages. Some of the most common and prominent ones are: credit card […]Read More
Short Term Business Finance
The capital required to start a business is called business finance. If you are considering starting up your own business, or if you have an existing business and are considering expansion, you will need money. The sources of finance of business can be both short term as well as long […]Read More
Raising Business Finance
Most businesses need an extra help at times. The essential thing is to know whether additional finance is required because business expansion requires more resources, or because things are going rough for your business and the operation is running out of money. The recession and credit crunch has made raising […]Read More
Online Business Finance
Today, capitalizing in small business is just a matter of a few clicks. Now you can get money for your small business by availing online business finance. This is rather an easy option as well as it is less time consuming. Like the regular small business loans, online business finance is […]Read More
Finance a New Business
Every new business needs finance when starting up. Most of the new businesses would need to establish the workplace, purchase equipment and meet marketing costs – all of this before the first sale is made. Once you’re dealing, you’ll need cash to pay for the bills and keep the business running. To […]Read More
Business Plan Finance
Business finance mainly engages the procedures of a financial plan which states the pattern of financing, strategies to track the management of the financial plan and the amount of finance required. A business venture includes both long term and short term capital. The long term capital is required to obtain […]Read More
Business Finance Midlands, London
The human species has the most developed brain among all the living creatures of the world. And right from the time of birth, humans have used it to the optimum. We have made astonishing progress in the field of technology and medicine. But there is one area which does not […]Read More
Business Finance Software
Business finance software is an indispensable organizational tool. The business finance software is used to manage your company’s accounts. The business finance software gives companies and organizations an affordable way to keep a track of payments, create invoices and organize finances with a single computer program. The Human Resource department […]Read More
Business Finance Revision
Writing your business plan before starting your business is one thing, but the business finance revision of the plan on a regular basis is another thing. The business finance revision of the plan would need to be done from time to time simply because so many things change rapidly. Even […]Read More
Business Finance News
Business finance news aids the financial community with knowledge and data. Investors get to understand interest rates, financial options, performance of finance companies and the best investment opportunities. The media also mentions job openings in this sector. Newspapers, magazines and television are primes resources for information on business finance news. […]Read More
Business Finance Management
Having your own business is a very exciting thing indeed. The whole process of thinking, analysing and coming up with out-of-the box ideas can be a mind numbing thing at times. Every year, thousands of young, enthusiastic souls come up with an innovative product or idea and decide to turn […]Read More
Business Finance Loans
The world of business is an exciting one indeed. And starting your own business venture is even more enthralling. There are many aspects which make the game of business so exciting. The whole idea of coming up with a plan, modifying it to customers’ taste, doing a market research for […]Read More
Business Finance Forums
Business finance forums generally refer to open discussions or voicing of ideas on business finance. The mediums such as radio, websites, television programs, newspapers are employed for these debates. The presentations are held on various topics related to business opportunities in local and international marketplace, companies interested in expansion or […]Read More
Business Finance Courses
The number of students from all over the world, who choose UK as their first destination for graduate as well as post graduate studies, is increasing each year. There are several Business and Finance Degree courses available in UK. The courses offer a qualification of the highest standard as there […]Read More
Business Finance Companies
Organizations need finance for starting a new company, buying new equipments, expanding business, buying stocks, paying bills or to buy a new property. The reasons for requiring finance are endless and a perpetual need. Business finance companies arrange funding requirements for companies that need finance. Business finance companies are enterprises […]Read More
Business Finance Broker
Start-up venture, additional working capital, no over draft; do you need to increase cash flow by the best financial solution? You will have to research, read a lot of print and meet many bankers and members of financial institutions. A business finance broker is an alternative who saves you not […]Read More
Business Asset Finance
When companies want to secure more funds, they apply for credit to meet their financial requirement. Business Asset Finance is a line of credit secured by using the company’s assets as collateral. These assets can be accounts receivables, real asset, equipment or property. They can even be a combination of […]Read More
Business Acquisitions Finance
An acquisition is a strategy of the company to grow rapidly without creating a new business identity or as a scheme to generate more finance. One can buyout the other company or take control over the. In case of symbiotic understanding a merger takes place. The entire process in an […]Read More
Business Investment Finance
In investment decision for businesses, the managers determine the investment value of the assets that a business enterprise possesses. The assets can be physical, intangible or financial. The financial assets in business investment finance are often marketable securities such as bonds or a company stock. Assets are used to produce […]Read More