
Sources of Funding for Businesses
Bank Funding:
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Bank Loan
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Overdraft
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Asset Finance
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Trade Finance
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Invoice Finance
Other Funding Options:
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FFF - the 3 Fs (friends, family and fools) -often considered the first source of finance
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Sweat Equity
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a non-monetary benefit that a company's stakeholders give in labour and time, rather than a monetary contribution.
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Crowdfunding
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Crowdfunder - the UK's number 1 crowdfunding platform
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Business Angels /Investors
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UK Business Angels Association: Home - UK Business Angels Association (ukbaa.org.uk)
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Venture Capitalists
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Grants
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NatWest Swoop - a search facility for grants
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Funding Central - providing charities, voluntary organisations, community groups and social enterprises with an affordable way to search for funding.
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Contracts
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Check gov.uk/contractsfinder - to search all government contracts
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Competitions and Awards
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Google search for details of local / national business and sector competitions/ awards
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Start Up Loan Scheme - borrow up to £25k, for start ups and businesses under 3 years of trading
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Responsible Finance Network
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Responsible finance providers, otherwise known as Community Development Finance Institutions (CDFIs) - are local social enterprises who get finance to people, businesses and social enterprises who can't get finance from banks. Homepage - Responsible Finance
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London Business Hub
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British Business Bank
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A government-owned business development bank - https://www.british-business-bank.co.uk/
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Nick Howe, Regional Enterprise Manager at NatWest, gave a great overview on the different sources of funding available for businesses - at our Enterprise Enfield/ NLCCE event on 8th December. Here's a summary with useful links below.
Nick is offering FREE 121 sessions to discuss funding, you can get in touch: M 07826 902235 E nick.howe@natwest.com