By Tim Adler on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs
It used to be that your only option if you needed finance was to go cap-in-hand to your bank, hoping for an overdraft or a loan. And if you were rejected, well, that was that.
Thankfully, small business finance technology has widened your options – although many small business owners don’t seem to be aware of what’s changed.
Open banking that connects your payment terminal or your accounting software to your bank account means the new wave of lenders can have real-time access to your incomings and outgoings. That means quicker, simpler lending decisions compared with high street banks.
‘Finance is like the sixth sense when it comes to running your small business. Without money, you really can’t use the other five’
This complete guide to small business finance will look at the following:
Small business start-up fundingWhat are the options for alternative business funding?Fast business funding and loans
And that’s on top of the plethora of finance product guides and advice you can find on our funding your small business hub.
Small business startup funding
Even the leanest businesses require some capital to get off the ground. Here are the ten