A significant number of small to medium- sized enterprises (SMEs) have faced financial hardships in securing capital when funding their business using external funders. This being largely due to banks reforming their credit procedures following new FCA regulations being imposed. Often, a lack of knowledge sees businesses failing to explore all possible options available to them in order to maintain and support business growth; as a result, falling into debt after taking out large loans or making misinformed decisions based on a lack of knowledge.
Closing the Funding Gap eBook provides guidance in how best to fund your business’ growth plans using external finance. We dissect solutions to secure necessary funds; whether it be in seeking investors, identifying alternative funding sources, or realising the need for business reform in regards to your spending and business plan. The aim of this eBook is to pose and explore the key questions that your business should be asking when trying to secure the right funding for growth, and to highlight the typical answers to those questions.
Closing the funding gap
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Find the questions you didn’t know you should be asking about funding business growth in our latest eBook “Closing the funding gap” available to download now.
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Within the eBook we consider 3 key sources of funding for business growth:
- Debt capital, in this section we pose and consider the key questions we get asked when a business is considering borrowing money in order to fund growth. Including the risks that lenders will expect you to address, whether you understand the risks of borrowing, the play off between cost of debt and guarantees, and key considerations for securing loans from alternative lenders.
- Venture Capital and Private Equity Funding focuses on considering the benefits of equity investment alongside your business’ readiness for the additional demands and requirements on you and your business that equity investment brings with it. In addition, we consider capital structures, and the costs and risks associated with equity funding.
- Alternative sources : Equity Crowdfunding, in this final section we explore one of the most popular alternative sources of funding for high-growth business, equity crowdfunding. We consider the opportunities crowdfunding investment can produce, the potential costs, and whether crowdfunding is right for your business.
- In addition, we speak with Yanto Barker, founder of cycling clothing company Le Col, about his experience of raising equity capital for his business and the advice he would give to other founds considering funding options for scale.
Through this resource, we aim to enhance your understanding of the intricacies behind various funding options, prepare you for the risks involved, and address the fundamental questions that businesses seeking external funding should be asking.
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.
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