Your New Business Start Up Finance Is Waiting For You
You’ve decided to set up your own business.
You’ve got the idea. You’ve got the motivation. But have your got the finance?
The right finance, from the right lender, at the right rate is critical to new business start up success.
FACT: 20% of new businesses fail in their 1styear
FACT: 30% fail in their 2ndyear.
FACT: 50% fail after 5 years.
Why? Lack of cashflow. Whether that’s to pay the day-2-day costs of operation or supplier and material costs for example, the result is the same. No cashflow, no money. Funding ensures cashflow and working capital to not only give you stability but to give you growth potential too.
With our help it’s easy, it’s quick and it’s cheaper than if you were to go direct.
We know which lenders fully support start up businesses and entrepreneurs (and importantly those that don’t!).
As we are independent brokers we have unique access to the whole of the UK market, so we have lenders who offer entrepreneurs and start up businesses a wide range of options, including...
Short term and long term loans
Secured and unsecured loans
Same day secured funds
Funding with no early repayment charges
Finance with flexible payment holidays
We approach lenders who will agree to your finance, not refuse it so it doesn’t affect your credit score.
We provide a range of indicative quotations for you to choose from – in plain English, with no confusing technical jargon or small print - and once you’ve decided on which is the best from all our superb options, we’ll even manage all the paperwork for you.
As well as having the right funding, you also need to make sure you have all the is dotted and all the ts crossed, so here’s our helpful check list for new businesses...
Confirm your company name– something that doesn’t already exist and has meaning to either you or the industry you are in.
Confirm your legal status– sole trader, partnership, Limited Company etc.
Write your business plan – it should contain your business objectives, financial forecasts, strategies, sales and marketing.
Open a business bank account– contrary to popular belief, you are not obliged to take your start up finance or loan from your bank, you are free to chose who provides this funding.
Trading licenses– certain business industries require permits and licensing to trade.
Set up your accounting and record keeping systems – from 1stApril 2019 any SME with a turnover of more than £85k will be required to comply with HMRC’s Making Tax Digital Systems.
Marketing– you must put your business out to market, ensure you have a website, look at trade press, events, shows and social media.
Ready? Let’s Get Started!
We’re ready to arrange your finance – just call us on 07917 871832 or 07902 032738 or email us at firstname.lastname@example.org