Fundamental to the launch of any business venture is the need for finance. In the early stages a new business is likely to require an amount of working capital to cover the start-up costs before the business generates any cash-flow from trading.
There are a number of different financial options available. Perhaps the most common is a business loan or overdraft facility provided by one of the banks. The loan is often secured by the bank taking a mortgage or legal charge over the assets of the business or by a personal guarantee from the owners of the business.
An alternative method of providing finance is to find someone to invest directly in exchange for a share of the business. This has the advantage of reducing the need for the business to borrow but it can reduce the level of control for the original founders of the business.
Whichever method you choose, Borneos has the expertise and the connections to enable us to provide the practical and informed advice that is vital for the success of a new business venture.
If you would like to discuss how we might help you, please:
Members of our team specialising in this area:
