Small Business Funding In The Uk

Writen by Peter Arkwright

Acquiring funding for your business can be time consuming. A lot of small business owners need financial assistance, especially in the first 12 months of starting. The obvious solution is for the owner to take out a loan. There are a number of companies or financial institutions that offer this service. Choosing the right loan can be a difficult process simply due to the amount of products on the market. If you are looking for business funding by way of a loan make sure you pay particular interest to the loan agreement. In some cases your home may be at risk if you do not keep up with the repayments. The Royal British Legion provide interest-free loans of up to £5,000 for service leavers & ex-service personnel, who are looking to set themselves up in their own business. This is just one example of the type of products that are out there. . Small business funding is also available in the form of a grant. A grant can be issued by a government or an organisation. On securing a grant you will be given financial assistance sometimes with no expectations or repayment plans. To have a realistic chance of obtaining a grant you will be asked to demonstrate a good work ethic and a strong commitment to your business. It often helps if you are committing some of your own finances to the business; Securing business funding through means of a grant can be difficult as there is often limited funding available and a lot of competition, make sure you have a contingency plan if your application is rejected.

There are many types of grants which are available to a wide spread of people, for more information check out http://www.businesslink.gov.uk

If you would like any more information on this subject then please visit our website at http://www.bizseller4u.com/ Peter Arkwright recently retired from the military; he is now the Managing Director of Bizseller4u Ltd - Providing business solutions in sales, advertising, funding, debt collection and recovery plans This article is free to republish with the signature block