British Business Bank - Making business finance work for you

Making business finance work for you

The British Business Bank knows that understanding the many different types of financial product in the marketplace and how they can support your business can be difficult.

Their Making business finance work for you guide is designed to help you make an informed choice about accessing the right type of finance for your business.

In this guide they have highlighted the seven most common challenges your business might face, and the types of finance that could help you meet them:

• Starting a business

  Starting a new business often requires capital – money that is used to help research your business idea, create a prototype product, or purchase equipment or machinery that your new business will use.

• Research and Development

  Research and Development (R&D) is when a business develops innovative products, services, or processes.

• Importing and exporting goods and services

  Businesses selling goods or services overseas face risks when it comes to cash flow and receiving payment from buyers.

• Protecting cash flow and working capital

  Cash flow can be unpredictable for small companies. Unforeseen costs, seasonal fluctuations, and wider economic challenges can all impact business growth.

• Debt consolidation

  If you have multiple loans or lines of credit, you may decide to consolidate the debts into a single, more manageable loan.

• Purchasing a major asset

  If a small business is looking to acquire another business or invest in a large asset, such as specialist plant or machinery, an injection of capital may be required.

• Scaling and growing a business

  Whether it’s opening a new location, expanding product lines, or increasing production capacity, growth requires capital.

Follow this link to access the Making business finance work for you guide.