DEBT FINANCE
£25,000 – £1m
If you're running a start-up, you probably do not 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 the region 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 micro businesses and SMEs needing debt finance for a wide range of purposes including filling gaps in working capital, funding expansion projects, leasing commercial premises and asset acquisitions.
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.
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British Business Financial Services Ltd is a wholly owned subsidiary of British Business Bank plc, registered in England and Wales registration number 09174621, registered office at Steel City House, West Street, Sheffield, S1 2GQ. British Business Bank plc is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found at www.british-business-bank.co.uk
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