A temporary lack of funds can cause major headaches and you will periodically need additional finance to pay for the things that will help your business to grow, become more efficient, attract more staff etc.
Additional finance is:
- Vital for investment in new equipment, premises etc.
- Important when you want to grow your business, e.g. employ more people, improve your marketing, systems etc.
- Very useful to deal with short term cashflow issues-g. late payment for suppliers when you need to pay your staff.
Your first port of call should be checking for grants. There are many grants available to businesses including fully funded support from local Universities and local businesses, matched funded grants for growth and grants for innovation.
Most grants are awarded on the basis of growth and the creation of additional full time jobs. Some grants are very specific but some can be used for pretty much anything which will help your business grow from paying for marketing and strategic advice to buying new equipment and software.
Apex Associates knows the grants that are available to local businesses and how to apply for them. In many cases, these grants are not well advertised and if you are unaware of the application process, then they can be frustrating and time consuming. We can guide you to the right grants and through the application process.
Grants are not always available and sometimes they require match funding. In this case, you’ll need to examine other funding options.
It is important that you understand all the funding options available for your business and situation and how to get a good rate. We can advise you on the best option for your business and situation. We will also ensure that you get the best rates by using our close network of contacts, whether this is for:
- Bank loans and overdrafts
- Hire purchase
- Personal loans
- Venture capital
- Sales invoice factoring and discounting
- Leasing and contract hire
- Private investment sources
If you want to find out more, please do not hesitate to contact us and book yourself in for a consultation.