£25,000 – £1m
If you’re running a start-up, you probably don’t yet have any major assets or a proven track record. As a result, you may find it difficult obtaining the finance you need to get your business moving.
You’re not alone. Many fledgling businesses in Cornwall and the Isles of Scilly encounter difficulties in finding required levels of investment. A significant number are unable to obtain any finance at all – that number is even higher for micro-businesses with under 9 people.
Our Small Business Loan option is designed for smaller businesses needing debt finance for a wide range of purposes including filling gaps in growth capital, funding expansion projects, employing new staff and investing in new machinery and equipment.
As SMEs grow, large injections of capital are often needed to move them to the next level.
You may for example need to hire a new team, purchase new machinery, start exporting abroad or move to larger commercial premises in order to continue growing at the desired rate.
Yet while smaller businesses actively seek finance, many larger SMEs are put off from applying for finance in the £100k-£1m range.
Our Debt finance option is designed for companies with up to 250 employees that can demonstrate growth potential. For more information call our Truro office 01872 306660.