What Are The Small Business Funding Options Available To You?

Money can be a major headache for many people wanting to start a small business as they cannot find the ‘petty cash’ to get it off the ground.

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Table of Contents:
Self-Financing
Borrow From Family & Friends
Small Business Bank Loans
Personal Borrowing
Grants & Government Help
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So you need start-up costs to get your business idea off the ground.  But you also need to have additional liquid funds (£10K is the norm) behind you to help keep your business running until the profits start rolling in.

Below, I have outlined the main small business funding options:

Self-Financing

This is the option that most of us would like to be in - you have a wad of cash waiting to be used in your savings account.

However, you might have some money in the bank where you can part-finance your business and borrow the remainder.

The options you might want to consider are:

• Getting a mortgage or second mortgage
• Borrowing on a credit card or getting an unsecured loan
• Selling any assets or possessions

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