Access to finance is essential to any business; whether for business improvement, adopting new technologies, acquisition of plant or entering new markets securing the right finance is critical to achieving business growth.
Business Gateshead can assist with identification of the finance products that are appropriate for your business, including both debt and equity products and make introductions to other business support and financial service providers
We can also help with reviewing your application before you submit it.
Types of Finance for business:
Grants are short term subsidies that support businesses to undertake activities in which they may not otherwise invest but that deliver real economic benefit. There are often grants for business that can help with capital investment in machinery or equipment, to support innovation or enhance the skills of your workforce.
Alternative Loan (Debt) Finance
A bank loan is not the only way that you can raise money to fund your business. Debt finance includes loans, bonds, leasing arrangements and overdrafts. Borrowing is secured from a lender on the condition that the amount is paid back in full either at a later date with accrued interest. There are many lenders from peer to peer lending to crowd funding available.
Equity financing is a common way for businesses to raise capital securing investment in return for shares in the business. Equity financing is typically used to raise seed money for start-ups or as working capital for established businesses wanting to expand. Investors will be prepared to back your business because it has potential for high growth
For more information on funding availability get in touch.