Accessing more funds for your business can be a great way to grow and thrive. It provides you with the opportunity to achieve any plans that you have, whether that’s; launching a new product, increasing the marketing budget or refurbishing your premises. Whatever you’ve got planned, here are a few simple ways to find affordable finance for your business.
1. Crowdfunding
If your product or service could appeal to lots of different people, crowdfunding is an accessible way to secure many small investments.
Set up a campaign on a crowdfunding site (Kickstarter and IndieGogo are the biggest) and tell the world what you want to create or develop. The more information you provide and the better incentives you can offer, the more likely you are to receive the investment you need from people who are interested.
2. Finding an investor
If an investor sees potential in your business, there’s a chance they’ll help you with funding. Angel investors choose to invest their wealth in startups and new innovations, in return for a stake in the business. Venture Capitalists are similar, but will often want to be involved in decision-making within the business too.
If you’re happy to give a new person some control, finding an investor could be a good option to grow your business.
3. Friends and family
People you’re already close to might see the potential in your business and want to invest their own money. The terms are up to them and you – some will want to see a small return on their money, others will give cash as a gift.
4. Alternative Finance
Lots of businesses are looking for fast, alternative ways to put cash into their business. This includes peer-to-peer investment, equity-based crowdfunding, invoice trading and more.
As long as you use a trustworthy platform, you can benefit from fast finance, easy online applications, and brand new financial technology.
Raise up to 130% of your average monthly turnover with a Business Loan
Capify’s Business Loan can help you raise from £5,000 to over £3,000,000. You’ll pay it back through small regular repayments for 6 to 12 months. It’s quick and easy to apply for, and if approved, you could receive the money within days.
