There are alternatives to the high street banks for business finance.
As a small business it’s easy to get bogged down in the day to day operational running and as a result you may find that juggling daily business chores combined with daily home issues can leave your head spinning. It’s easy to take your mind off cashflow and difficult to find the time to work on growing your business. We’ve all been there!
So when it does come to raising finance to give your business the financial push it needs you may be thinking about a visit to your bank manager. But did you know that there are different forms of business finance such as crowdfunding or business cash advance funding available?
Alternative forms of business finance – government backed.
In fact, the UK government are pushing banks to make sure they offer alternative funding solutions to businesses that they themselves can’t help. It’s a welcome message to the industry who offer alternative forms of finance and in some cases can be the lifeline for small business cashflow when you need it.
The great thing is that the finance is unsecured which means the loan is not secured against property or valuables. It’s based on your sales through your PDQ card terminal only which also means your cash sales are not taken into account.