| Start Up Business Finance |
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If you’re a small business owner or thinking of starting a business, money is probably your biggest concern. You may be wondering if there is any business money available when starting a business. The simple answer is yes, but getting your hands on it is a complicated and rather stressful process, and this is where Open 4 Business Finance Ltd can help you. There are countless schemes, each with their own set of criteria, which you can apply for when you are on the verge of starting. Types Of Support All publicly funded schemes are designed to encourage new and growing businesses to bring wealth and ultimately create jobs. To help achieve this government make available a portion of the taxpayer’s money to help and encourage enterprise. This cash gets distributed through a variety of ministries, departments, agencies and quangos on a national and local basis and the good news is that most businesses are eligible at any one time to apply for a number of different business startup grants and support which in are distributed in a wide variety of forms. Business Startup Grants Direct grant: This is a cash award, which is usually given out for activities such as training, employment, export development, recruitment or capital investment projects. With a direct grant most schemes require the company involved usually putting up around 50 per cent of the cost. Repayable grant: Under this type of scheme cash funding is offered for a project with the intention that the sums are paid out of future revenues. However if unfortunately the project fails, the grant is written off. Soft loan: A soft loan is a special type of grant where the terms and conditions of repayment are more generous (or softer) than they would be under normal finance circumstances. So, for example, the interest rate may be less, or there may be no interest to repay at all, and the repayment term could also be for a longer period. Small Firms Loan Guarantee Scheme If you have a viable business plan but are struggling to secure the finance to start or expand your business, the Small Firms Loan Guarantee Scheme might be able to help. The Directors of Open 4 Business Finance Ltd have over 50 years experience within the banking industry and therefore have a clear understanding of client needs in different industries, matching needs with financial services available. This process can often lead to significant time savings and more importantly cost savings for the client. Open 4 Business Finance Ltd has access to all the major UK primary and secondary lenders and as such we are able to negotiate the very best deals in the marketplace on your behalf, leaving you to concentrate on managing a successful business. Decisions in principle are often given within 24 hours of receipt of supporting information. So contact us today on Freephone 0800 0778987 we are waiting for you call, alternatively you can apply using the contact form within the CONTACT US page on the web site. |