Alternative Business Finance

How Alternative Finance Could Accelerate Your Business Growth

How Alternative Finance Could Accelerate Your Business Growth

So you’ve survived the early stage of your business and you’ve decided that it’s time to take the next step. There are many avenues you can invest your time and money in, and alternative finance can be an ideal way to fund projects aimed at expanding your business. Alternative finance is the internet’s answer to traditional bank loans and options can include peer to peer (P2P) lending, crowdfunding and unsecured business loans – you can even get business loans with bad credit much more readily than in the past. Here are five ways you can utilise alternative finance to take your business to the next level: Upgrade your online presence Sixty-four percent of all in-store sales were influenced by the internet in 2015, making it more important than ever to elevate your online visibility. From y... »

Small Business Finance: What you need to know

Small Business Finance: What you need to know

For any business, initial funding is a crucial element of success, but raising finance will almost certainly be the most difficult element of starting and running a business. Thankfully, you have an array of options open to you when it comes to raising finance. Before proceeding to raise finance, you should first ensure your business plan is economically sound. If it is, you should be able to build a solid financial base if you know what you are doing. This article should serve as an introduction to financing your business. It will cover how to assess your funding needs, then explore the multitude of different funding options – exploring your options for external investment, bank finance, and other finance options. How do I know how much finance to seek? To identify your funding needs, fol... »

Alternative Business Finance: What Are the Options?

Alternative Business Finance: What Are the Options?

It’s no secret that access to business funding dried up dramatically after the financial crisis in 2007. Unfortunately, the issue has persisted ever since, and many firms still find it excruciatingly difficult to access loans the old-fashioned way, in particular early-stage and fast-growing businesses. Now it seems that government focus has shifted from trying to force or incentivise banking giants to lend more money, to finding ways of obliging them to recommend alternative business finance. A shift in attitude made clear in the recent Queen’s Speech, which ushered in new legislation telling big banks that they will now have to point would-be borrowers in the direction of alternatives when they cannot access bank loans. But what are the alternative sources of business finance? Well, there... »