Kick Start Your New Business Start Up With The Right Finance

Posted: 20th September 2021

At a time when new business registrations have been at their highest levels in years it’s essential that they are financed correctly so they can prosper and thrive.

The pandemic, according to recent research*, shows that 26% of new businesses this year have been created as a direct result of Covid.

Showing that business owners are resilient and that confidence is high, 65% of new businesses are expecting to make a profit by the end of this year.

FACT: Start up finance gives you the funding for essential set up costs.

Start up finance is specifically designed to assist budding new businesses – those that have been trading for less than 24 months – to cover their initial expenses and set up costs. Pay suppliers on time or risk a bad credit score that could damage future opportunities and prosperity.

Start up SME finance also helps new businesses expand – many in the pandemic have thrived, and as a result have needed to recruit staff, expand into larger premises and negotiate terms on raw materials.

FACT: Start up finance ensures you retain control of your business (not friends or family who have lent you money).

It’s ill advised to rely on the 'bank of mum and dad' or use funding from personal means like expensive credit cards or long term mortgages.  Borrowing from parents is a risky business  Borrowing from friends and family can be hugely damaging to your personal life and relationships – once invested in your business, often they think they have a right to interfere, offer ‘advice’ and oversee your business. This creates tension, animosity and risks jeopardising relationships.

FACT: Start up finance protects your personal assets such as your home, car and possessions.

Here at Cashflow Bridge, we are best placed to help your new business secure the right start up finance – we are a 100% independent broker  and have relationships with all UK lenders, meaning we are free to search the entire UK lending market, without any contracts and targets. In short, this means we only suggest the right finance, from the right lender for your exact business needs, not ours! 

FACT: Using an independent broker can mean your finance is arranged faster, and often on better terms, than going direct.

Our independent status, combined with our expert knowledge and experience, means we have direct access to decision makers. They value our qualifying of each and every business loan application and therefore we gain coveted fast track status and secure preferential rates for businesses like yours.

FACT: Start up finance is just a call away.

Find out if your business qualifies for start up finance or other, tailored SME finance, by calling our Managing Director, Kevin Weaver, today. His direct line is 07917 871832 or email his team at info@cashflowbridge.co.uk

SME finance options include…

 

 * Research carried out by FinTech, Tide.

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