For growing businesses, there’s a finance option out there to match your ambition. We help you understand what external finance is, what options are available and how they could help your business.
What is external finance?External finance is any funding that comes from outside your business. This can come from friends and family, from a traditional bank or even from an investor. You can use external finance to help your business grow.
Finance options can be grouped into two categories – equity and debt.
Equity finance is where a business sells shares to raise money. Debt finance is where a business borrows money from a lender, and then pays it back with interest.
How did other businesses decide?
“We took a government-funded course called Growth Accelerator which focused on access to finance. It educated us about what equity finance is and where we could get it.”
“Contact your local Chamber of Commerce to find out what kind of funding options are available for your business.”
“We realised the opportunity out there and the long-term potential – that was more suited to floating than Private Equity.”