Banks Aren’t the Only Place to Get Funding

It’s well publicised that Banks seem to struggle to help SME’s with funding.One new way of getting funding is online. Sites like crowd-cube.com try to bring investors and businesses with a funding need together – its funds in exchange for equity. If you don’t like the idea of giving away part of your business then fundingcircle.com offers the more traditional loan option.  Both sources seem to be using the principle of getting lots of people to put up small amounts to amass a sizeable sum.Another advantage is a loan from a bank may take several months to set up whilst loans from fundingcircle.com can take an average of 10 days to set up.

Leave a Reply