If you intend to start a new business or are intending expansion of your existing business , then raising finance in the current climate is definitely challenging. You will need sound professional advice  and a good degree of planning. It is advisable to obtain finance from a number of sources, this will allow for greater long term flexibility and give you the best chance of obtaining the required resources. Here are a few of the standard options:-

You will need to do a comparison of the relative costs of each option and take into account any tax issues before you make your your final decision.

The majority of providers will need security for the finance provided, it demonstrates belief and commitment and gives assurance to the lender. If you don't think its an acceptable risk, then neither will the lender. The standard forms of security are :-

It is wise to think about offering more than one form of security, be very careful if asked for a personal guarantee. Above all you must present a sound business plan that is detailed, presents a convincing arguement and shows how you will generate funds to repay the finance. In short you must show sufficient growth to both fund the finance and benefit the business.

Tip: Apply to raise more finance than you think you need

You won't often get a second chance to raise more finance, so take a very close look at what you might need. If you are too cautious, your plan may not appear viable. 

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