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P]SONAL SAV+S OR M"OY PROVID$ BY FRS OR FAMILY4 ,Y MILIE/ /AGE ( FUND+ NE$$ TO />T A BUSI;S4 ,X IS PROVID$ TO BUSI;S [N]S LOOK+ TO EXP& ON AN 9ITIAL BUSI;S IDEA OR 3CEPT4 ,X IS (T5 US$ = ACTIVITIES S* Z 3DUCT+ M>KET RESE>* "<,:AT IS M>KET RESE>*8 ,- ,/>T ,UP ,LOANS ,COMPANY"> & CR1T+ PROTOTYPES "TUPLOANS4CO4UK_/" BUSI;S-GUID.E_/H[-TO-BUILD-" A-PROTOTYPE-=-A-/>TUP-" BUSI;S_/"> OR M9IMUM VIABLE PRODUCTS "<,,MVP,'S">4 #G #A4 />T+ A BUSI;S #F ,PRE-SE$ FUND+ (T5 COMES F A BUSI;S [N]'S P]SONAL SAV+S Z WELL Z F FRS OR FAMILY MEMB]S4 ,F9D \ M AB PRE-SE$ CAPITAL "TUPLOANS4CO4UK_/BUSI;S-" GUID.E_/:AT-IS-PRE-SE$-" FUND+_/">4 "3#G ,"! >E DI6]5T S\RCES ( PRE-SE$ CAPITAL T Y C EXPLORE :5 SEEK+ FUND+ = YR />T-UP BUSI;S1 9CLUD+ ANGEL 9VE/;T1 BUSI;S LOANS & CR[DFUND+4 ,ANGEL 9VE/;T ,BUSI;S LOANS ,CR[DFUND+ .7,/>T ,UP ,LOAN4.' ,? IS A GOV]N;T-BACK$1 L[- 9T]E/ P]SONAL LOAN TO HELP />T OR GR[ A BUSI;S4 ,ELIGIBLE ,,UK-BAS$ F.D]S />T+ A NEW BUSI;S OR ^? 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RE/ LAT] IF Y NE$ X4 ,F9D \ M AB A ,/>T ,UP ,LOAN "TUPLOANS4CO4UK_/:AT-IS-A-" #H #A4 />T+ A BUSI;S #H />T-UP-LOAN_/">4 .1,WOR? .1"K+4 ,/>T ,UP ,LOANS (F]S A GOV]N;T-BACK$ L[-9T]E/ P]SONAL LOAN ( UP TO @L#BE1JJJ TO HELP F.D]S />T OR GR[ A BUSI;S4 "3#H ,DEBT F9.E4 ,? 9VOLVES A BUSI;S BORR[+ AN AM.T ( M"OY OR PUR*AS+ AN ASSET ) F9.E T IS PD BACK ) 9T]E/ OV] AN AGRE$ P]IOD ( "T4 ,COMMON =MS ( DEBT F9.E 9CLUDE3 .1,LOANS4 ,BUSI;S LOANS >E USUALLY (F]$ BY A RANGE ( PROVID]S ,- F HI< /REET BANKS TO SPECIALI/ BUSI;S L5D]S ,- & MAY 2 SECUR$ OR UNSECUR$4 ,SECUR$ LOANS USE ASSETS YR BUSI;S [NS ,- S* Z PROP]TY OR MA*9]Y & /OCK Z #H #A4 />T+ A BUSI;S #I SECUR;Y ,UNSECUR$ LOANS C 2 BORR[$ )\T US+ ANY ASSETS Z SECUR;Y4 ,Z A RESULT1 UNSECUR$ LOANS TYPICALLY H HI<] 9T]E/ RATES ?AN SECUR$ LOANS Z !Y >E M RISKY ?AN SECUR$ L5D+4 ,L5D]S TYPICALLY LOOK = BUSI;SES ) A TRAD+ HI/ORY & A PROV5 TRACK RECORD4 ,? M1NS T E>LY-/AGE />T- UPS MAY /RU7LE TO GET A LOAN4 ,IF T'S ! CASE A F.D] MAY WANT TO 3SID] A ,/>T ,UP ,LOAN "TUPLOANS4CO4UK_/:AT-IS-A-" />T-UP-LOAN_/"> : C CAT] TO ^? :O H BE5 TURN$ D[N = F9.E ELSE":4 ,"! >E AL "S L5D]S1 S* Z ,COMMUN;Y ,DEVELOP;T ,F9.E ,9/ITU;NS "<,,CDFI,'S">1 T 3SID] APPLICA;NS F BUSI;SES ) LIMIT$ ASSETS1 TRAD+ #H #A4 />T+ A BUSI;S #AJ HI/ORIES OR TRACK RECORDS4 ,F9D \ M AB BUSI;S LOANS4 .1,OV]DRAFTS4 ,AN OV]DRAFT IS A L9E ( CR$IT ON YR BUSI;S BANK A3.T T PROVIDES A3ESS TO M %ORT- T]M FUND+ ?AN YR BUSI;S'S [N CAPITAL4 ,UNLIKE LOANS : H A FIX$ REPAY;T FEE1 Y ONLY PAY 9T]E/ ON ! AM.T Y'RE OV]DRAWN4 ,H["E1 ! BANK W USUALLY *>GE A FEE = >RANG+ ! OV]DRAFT1 & IF Y'RE LATE OR MISS A REPAY;T1 Y'LL 2 *>G$ A FEE T CD A6ECT YR CR$IT RAT+ "<,:AT IS A BUSI;S CR$IT SCORE8 ,- ,BRITI% ,BUSI;S ,BANK "">4 ,OV]DRAFTS G5]ALLY H A HI<] 9T]E/ RATE ?AN BUSI;S LOANS4 ,F9D \ M AB OV]DRAFTS "T+ A BUSI;S #AA BUSI;S-BANK4CO4UK_/F9.E-" HUB_/BUSI;S-OV]DRAFT_/">4 "3#I ,EQU;Y ,F9.E4 .1,ANGEL .1,9VE/;T4 ,ANGEL 9VE/ORS >E (T5 E/ABLI%$ 5TREPR5EURS OR P ) EXT5SIVE BUSI;S EXP]I;E :O USE _! [N M"OY 9 EX*ANGE = AN EQU;Y /AKE 9 YR BUSI;S4 ,? M1NS T 9 EX*ANGE = 9VE/+ _! M"OY 9 YR />T-UP1 !Y W [N A P]C5TAGE ( YR BUSI;S4 ,Z WELL Z FUND+1 ANGEL 9VE/ORS C PROVIDE VALUABLE BUSI;S GUID.E & A3ESS TO A NET"W ( 3NEC;NS T MAY AL PROVE V VALUABLE4 ,X'S TYPICAL = AN ANGEL 9VE/OR TO WANT "S 9PUT 9TO ! BUSI;S'S DECI.N MAK+ S A F.D] %D 2 PREP>$ = ?4 ,! ,SE$ ,5T]PRISE ,9VE/;T ,S*EME "<,,SEIS"> "T+ A BUSI;S #AB _/_/WWW4GOV4UK_/GUID.E_/" V5TURE-CAPITAL-S*EMES-" APPLY-TO-USE-!-SE$-" 5T]PRISE-9VE/;T-S*EME"> (F]S TAX RELIEF 9C5TIVES TO ANGEL 9VE/ORS TO 5C\RAGE 9VE/+ 9 SMALL] BUSI;SES4 ,! ,F9.E ,HUB HAS A *ECKLI/ "<,ANGEL ,9VE/;T *ECKLI/ ,- ,BRITI% ,BUSI;S ,BANK ""> ( ! /EPS Y MIE YR BUSI;S = ANGEL 9VE/;T "<,ANGEL 9VE/ORS ,- ,BRITI% ,BUSI;S ,BANK ""> & LE>N M AB ANGEL 9VE/ORS & _! POT5TIAL B5EFITS = YR />T-UP4 .1,EQU;Y .1CR[DFUND+4 ,? 9VOLVES LI/+ YR BUSI;S ON AN ONL9E PLAT=M T ALL[S 9VE/ORS & MEMB]S ( ! PUBLIC TO BUY %>ES 9 YR BUSI;S4 ,"! >E V>I\S EQU;Y #I #A4 />T+ A BUSI;S #AC CR[DFUND+ PLAT=MS "4 ,!Y ALL[ Y TO R1* P :O MIANTEE ( SU3ESS & PLAT=MS (T5 *>GE A SU3ESS & LI/+ FEE4 ,! ,5T]PRISE ,9VE/;T ,S*EME " & ,SE$ ,5T]PRISE ,9VE/;T ,S*EME "<,,SEIS"> "<,APPLY TO USE ! ,SE$ ,5T]PRISE ,9VE/;T ,S*EME TO RAISE M"OY = YR COMPANY ,- ,,GOV4,,UK ""> (F] TAX RELIEF 9C5TIVES TO CR[DFUND+ 9VE/ORS4 ,F9D \ M AB EQU;Y CR[DFUND+ "4 #AJ #B4 R@&D #AD .1,MEZZAN9E .1F9.E4 ,? IS A HYBRID =M ( FUND+ T BL5DS DEBT & EQU;Y F9.E4 ,A F"U (F]S A BUSI;S A LOAN : ! BUSI;S AGREES TO REPAY ) 9T]E/4 ,H["E1 %D ! BUSI;S 2 UNABLE TO MEET ! REPAY;TS1 ! DEBT CD 2 3V]T$ 9TO %>ES 9 ! COMPANY4 ,X'S G5]ALLY US$ = L>G] FUNDS ?AN ^? 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LOGI/ICAL & REGULATORY *ALL5GES1 Z WELL Z LAY ! F.DA;N = OV]S1S EXPAN.N S* Z3 ,9ITIAL /OCK+3 IMPORT+ (T5 9VOLVES BUY+ 9 BULK TO A*IEVE ECONOMIES ( SCALE ,CU/OMS DUTIES & TAXES3 IMPORT+ GDS C ATTRACT CU/OMS #AB #C4 IMPORT+ GDS #BC DUTIES & TAXES1 & CO/S C V>Y BY C.TRY & PRODUCT ,%IPP+ CO/S3 TRANSPORT+ GDS ACR BORD]S1 2 X BY SEA1 AIR1 OR L&1 9CURS SIGNIFICANT CO/S1 ESPECIALLY :5 D1L+ ) L>GE QUANTITIES OR DELICATE ITEMS ,COMPLI.E3 DI6]5T C.TRIES H DIV]SE REGULA;NS 3C]N+ PRODUCT /&>DS1 SAFETY1 & QUAL;Y1 : C 2 CO/LY TO 5SURE COMPLI.E ,9SUR.E3 ! 9T]NA;NAL TRANSIT ( GDS C>RIES RISKS S* Z DAMAGE1 !FT1 OR LOSS1 MAK+ 9SUR.E AN ESS5TIAL CO/ ,LOCAL REPRES5TA;N3 E/ABLI%+ LOCAL (FICES1 W>EH\SES1 OR HIR+ REPRES5TATIVES 9 ! T>GET C.TRY C /R1ML9E OP]A;NS B MAY REQUIRE F9ANCIAL \TLAY ,CURR5CY FLUCTUA;NS3 CURR5CY VALUE C FLUCTUATE1 POT5TIALLY IMPACT+ PR(ITS ,- #AC #C4 IMPORT+ GDS #BD HAV+ A BU6] C HELP NAVIGATE ^! 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M FEES Y W PAY4 ,F9D \ M AB PUR*ASE ORD] F9.E "TUPLOANS4CO4UK_/BUSI;S-" GUID.E_/PUR*ASE-ORD]-F9ANC+" -GUIDE-=-/>T-UPS_/"> "3#AF .7,OV]DRAFT FACILITIES OR REVOLV+ CR$IT4.' ,^! >E FLEXIBLE1 %ORT-T]M FUND+ OP;NS T 5ABLE BUSI;SES TO )DRAW CR$IT :5 REQUIR$4 ,AN OV]DRAFT IS A L9E ( CR$IT ON YR BUSI;S BANK A3.T T PROVIDES ADDI;NAL CA% TO ! BUSI;S Z REQUIR$4 ,AN OV]DRAFT *>GES 9T]E/ ONLY ON ! AM.T BY : Y'RE OV]DRAWN1 UNLIKE LOANS : H FIX$ REPAY;TS & 9T]E/ :E!R OR N Y USE X4 ,FLEXIBIL;Y IS A KEY ADVANTAGE ( OV]DRAFTS1 & !Y #AF #D4 CA% FL[ #CB >E TYPICALLY QK & EASY TO >RANGE4 ,H["E1 OV]DRAFTS G5]ALLY H HI<] 9T]E/ RATES ?AN LOANS1 & IF Y MISS A PAY;T1 Y MIG$ A FEE : C A6ECT YR CR$IT RAT+4 ,REVOLV+ CR$IT IS SIMIL> TO AN OV]DRAFT1 B X IS N L9K$ TO YR BANK A3.T4 ,? M1NS Y C A3ESS X F MULTIPLE L5D]S4 ,L OV]DRAFTS1 FLEXIBIL;Y IS A B5EFIT1 B REVOLV+ CR$IT AL 9VOLVES HI<] 9T]E/ RATES & FEES ?AN LOANS1 & Y MAY NE$ TO GIVE A P]SONAL GU>ANTEE TO A3ESS X4 ,F9D \ M AB OV]DRAFT FACILITIES " & REVOLV+ CR$IT "4 .7,SUPPLY *A9 F9.E4.' ,? TYPE ( F9.E HELPS BUSI;SES MANAGE _! "W+ CAPITAL4 ,X 9VOLVES A SUPPLI] RCVG E>LY PAY;T ( AN 9VOICE BY A F9.E COMPANY4 ,! BUSI;S T HAS PUR*AS$ ! GDS OR S]VICE !N PAYS ! F"U ONCE ! 9VOICE IS DUE4 ,F9D \ M AB SUPPLY *A9 F9.E "4 "3#AG ,ASSET F9ANC+4 ,? ALL[S A BUSI;S TO ACQUIRE ASSETS1 REPLACE OLD EQUIP;T1 OR EXP& OP]A;NS )\T PUTT+ ADDI;NAL PRESSURE ON CA% FL[ OR NE$+ TO RAISE A SIGNIFICANT AM.T ( "W+ CAPITAL 2F PUR*ASE4 ,TO A3ESS ! FUND+1 A #AG #D4 CA% FL[ #CD BUSI;S USES ASSETS ON XS BAL.E %EET Z COLLAT]AL TO FUND A PUR*ASE4 ,ASSET F9.E OP;NS 9CLUDE3 .1,F9.E .1L1SE4 ,A F9.E PROVID] PUR*ASES ! ASSET & L1SES X TO A BUSI;S4 ,! LESSEE MAKES MON?LY REPAY;TS4 ,! LESSEE IS AL A3.TABLE = 9SUR+ & MA9TA9+ ! ASSET4 .1,3TRACT .1HIRE4 ,? 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S*EMES ALL[ CU/OM]S TO DELAY FULL PAY;T = PRODUCTS OR S]VICES : C 5C\RAGE !M TO MAKE A PUR*ASE !Y MIE *>G$ 9T]E/ & MAY AL 9CUR A LATE PAY;T FEE4 ,BUSI;SES >E *>G$ A FEE = EA* COMPLET$ TRANSAC;N4 ,? IS USUALLY 2T #B.0 & #H.0 ( ! TOTAL AM.T4 ,F9D \ M AB ,,BNPL "4 #AI #D4 CA% FL[ #DJ .7,M]*ANT CA% ADV.E4.' ,A M]*ANT CA% ADV.E "<,,MCA"> IS = BUSI;SES T A3EPT DEBIT & CR$IT C>D PAY;TS4 ,L5D]S PROVIDE A BUSI;S ) A SUM ( M"OY1 : X !N REPAYS US+ A P]C5TAGE ( C>D TRANSAC;N SALES1 PLUS FEES4 ,,MCA,'S H AN ADVANTAGE OV] TRADI;NAL LOANS 9 T !Y C 2 A3ESS$ )\T NE$+ TO PROVIDE ASSETS = SECUR;Y1 S* Z PROP]TY OR 9V5TORY4 ,H["E1 ,,MCA FEES & 9T]E/ RATES T5D TO 2 HI<]1 & IF PAY;TS >5'T MET1 BUSI;SES C 2 AT RISK ( 2+ UNABLE TO S]VICE _! DEBT4 ,F9D \ M AB M]*ANT CA% ADV.E "4 #AI #D4 CA% FL[ #DA .1,GRANTS4 ,? IS FUND+ PROVID$ BY PUBLIC SECTOR & PRIVATE ORGANISA;NS T DOESN'T H TO 2 PD BACK4 ,GRANT S*EMES >E USUALLY FOCUS$ ON FACTORS S* Z A SPECIFIC BUSI;S ACTIV;Y1 /AGE ( BUSI;S1 SECTOR1 F.D] DEMOGRAPHIC & LOCA;N4 ,"S GRANTS C 2 US$ TO D1L ) CA% FL[ *ALL5GES4 ,GRANT S*EMES V>Y 9 H[ M* M"OY Y CD RCV4 ,= "S1 Y'LL RCV ! FULL AM.T1 ":AS = O!RS Y NE$ TO MAT* A PROPOR;N ( ! VALUE ( YR GRANT 2F Y RCV X4 ,APPLICA;N PROCESSES C 2 L;G & "T-3SUM+1 & "! IS NO "O-SIZE-FITS-ALL APPROA*4 ,2F APPLY+1 X IS ADVISABLE TO SP1K TO ! GRANT PROVID] TO F9D \ :AT'S 9VOLV$ & :E!R Y'RE ELIGIBLE4 ,S\RCES ( GRANTS 9CLUDE ! #BJ #E4 DEBT 3SOLIDA;N #DB GOV]N;T'S F9.E F9D] "1 ! F9D A GRANT S]VICE "1 & ! WEBSITES ( LOCAL C\NCILS "4 ,F9D \ M AB GRANTS "4 .1,WOR? .1"K+4 ,AN E/IMAT$ @L#BC4D BILLION 9 LATE 9VOICES IS [$ TO ,,UK BUSI;SES1 B "! >E F9.E ,F9.E T CD HELP ) LATE PAY;TS 9CLUDES3 "33333333333 "3#BJ #E4 ,DEBT 3SOLIDA;N ,IF Y H MULTIPLE LOANS OR L9ES ( CR$IT1 Y MAY DECIDE #BA #E4 DEBT 3SOLIDA;N #DC TO 3SOLIDATE ! DEBTS 9TO A S+LE1 M MANAG1BLE LOAN4 ,Y CD COMB9E LOANS F S"EAL DI6]5T PROVID]S 9TO A S+LE DEBT F "O L5D]4 ,? PROCESS CD RESULT 9 A R$UC;N 9 MON?LY REPAY;TS1 & IF YR CR$IT SCORE HAS IMPROV$ S9CE APPLY+ = F9.E1 Y MIG$ ADDI;NAL FEES4 "3#BA #BA #E4 DEBT 3SOLIDA;N #DD ,! TYPES ( LOANS T C 2 3SOLIDAT$ 9CLUDE3 .1,SECUR$ .1LOANS4 ,= ? TYPE ( LOAN1 Y'LL NE$ TO (F] COLLAT]AL "GON-" BU/]-GUIDE-TO-BUSI;S-" F9.E_/">1 S* Z PROP]TY1 VEHICLE1 L&1 MA*9]Y OR ANO!R MAJOR ASSET T YR BUSI;S [NS1 Z SECUR;Y AG/ ! AM.T Y WANT TO BORR[4 ,DUE TO ! L[] RISK = ! L5D]1 SECUR$ LOANS >E G5]ALLY *1P] ?AN UNSECUR$ LOANS4 ,H["E1 APPLICA;NS = SECUR$ LOANS C TAKE L;G] TO 2 APPROV$1 & IF Y FAIL TO MEET ! MON?LY REPAY;TS1 ! L5D] C RECLAIM _! DEBT F ! ASSET Y'VE PUT =W>D Z SECUR;Y4 ,F9D \ M AB SECUR$ LOANS "4 .1,COMM]CIAL .1MORTGAGES4 ,? IS A LOAN T 9VOLVES PAY+ A DEPOSIT FOLL[$ BY MON?LY REPAY;TS ) V>IABLE OR FIX$ 9T]E/ RATES4 ,COMM]CIAL MORTGAGES USUALLY RUN = 2T "O & #CJ YE>S4 ,! TYPES ( COMM]CIAL MORTGAGES >E3 [N]-O3UPI$ MORTGAGES ,- = BUSI;SES BUY+ A PROP]TY = COMM]CIAL PURPOSES COMM]CIAL BUY-TO-LET MORTGAGES ,- = BUSI;SES 9T5D+ TO R5T ! PROP]TY TO ANO!R BUSI;S4 ,TO GET A COMM]CIAL MORTGAGE1 BUSI;SES USUALLY NE$ TO PROVIDE A3.TS = AT L1/ ! PA/ ?REE YE>S & PROJECT$ TRAD+ FIGURES = ! FUTURE4 ,F9D \ M AB COMM]CIAL #BB #F4 A MAJOR ASSET #DF MORTGAGES "4 .1,WOR? .1"K+4 ,IF Y H MULTIPLE LOANS1 Y MIGE ASSET1 S* Z SPECIALI/ PLANT OR MA*9]Y1 AN 9JEC;N ( CAPITAL MAY 2 REQUIR$4 ,:E!R X'S = SCALABIL;Y1 E6ICI5CY1 OR /RATEGIC EXPAN.N1 ! "R ASSETS C A3EL]ATE A />T-UP'S GR[?1 MAK+ EXT]NAL FUND+ A BRIDGE #BB #F4 A MAJOR ASSET #DG TO GRT] POT5TIAL & SU3ESS4 ,FUND+ C 2 US$ = *ALL5GES S* Z3 ,UPFRONT CO/S3 MAJOR ASSETS C 2 SIGNIFICANT 9VE/;TS & MAY 2 2Y ! 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AM.T BORR[$4 ,F9D \ M AB SECUR$ LOANS "4 ,L1S+ & HIRE PUR*ASE4 ,L1S+ ALL[S A BUSI;S TO USE AN ASSET 9 EX*ANGE = R5TAL PAY;TS1 :ILE HIRE PUR*ASE 9VOLVES AN ASSET 2+ PUR*AS$ \T"R BY MAK+ FIX$ PAY;TS & 9T]E/4 ,SU3ESS RATES >E HI< = APPLICA;NS1 B IF Y DEFAULT ON PAY;TS1 ! L5D] MAY RECOV] #BC #F4 A MAJOR ASSET #EB ! ASSET1 : CD H>M YR CR$IT RAT+4 ,F9D \ M AB L1S+ & HIRE PUR*ASE "4 ,GRANTS4 ,? IS FUND+ T DOESN'T H TO 2 PD BACK4 ,"S GRANTS PROVIDE FUND+ = BUSI;SES TO PUR*ASE EQUIP;T4 ,SEE ! 8SCAL+ & GR[+ A BUSI;S0 SEC;N = M DETAILS4 ,F9D \ M AB GRANTS "4 .1,WOR? .1"K+4 ,PUR*AS+ A FLEET ( VEHICLES CD HELP A BUSI;S GR[1 B COMPANIES MAY LACK ! FUND+ TO D X4 ,T'S ": FLEET F9ANC+ COMES IN4 "33333333333 #BD #G4 SCAL+ A BUSI;S #EC "3#BD #G4 ,SCAL+ & GR[+ A BUSI;S ,:E!R X'S OP5+ A NEW LOCA;N1 EXP&+ PRODUCT L9ES1 OR 9CR1S+ PRODUC;N CAPAC;Y1 GR[? REQUIRES CAPITAL4 ,TYPES ( *ALL5GES T MAY TRI7] ! 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