keyboard_arrow_left See all news

Recent News

Northern Business Expo / 18 Feb 2020
The 3 start-up planning basics 
​​​​​​​Your mission statement will be beneficial to you throughout your bu...
Northern Business Expo / 17 Feb 2020
5 simple strategies to improve the quality of your work life
By changing your thinking and being more positive to all aspects of your job then you wi...
YorCyberSec / 16 Feb 2020
Is it safer to be untrusting?
With the rise in scams against the public and organisations is it now safer to be untrus...
Northern Business Expo / 13 Feb 2020
14 compelling reasons to join a business or professional association
Whether local, regional or national an association is a key place to meet your peers and...
DOWO Digital / 12 Feb 2020
Why small businesses should outsource digital marketing
Digital marketing can be a minefield for a beginner or novice and you can’t afford to ...
YorCyberSec / 10 Feb 2020
The IT security basics
Sometimes it helps to take a step back from looking at the latest and greatest security ...
Northern Business Expo / 10 Feb 2020
Managing a mix of paper and digital
Read this to find the help you need to manage and protect your valuable information and ...
Northern Business Expo / 08 Feb 2020
Staggering Sales Statistics: Start Selling Smarter
​​​​​​​Although numbers don’t tell the whole story, they certainly help ...
Northern Business Expo / 07 Feb 2020
How to avoid or overcome sales objections effectively
Remember, objections are inevitable. So instead of trying to sell harder, or simply gett...
Northern Business Expo / 06 Feb 2020
Deal with tough sales questions like a boss.
First make sure you have listened and understand their question. Don’t be scared to cl...
Northern Business Expo / 06 Feb 2020
What makes a great B2B salesperson in the 21st century?
Do you need to take a step back and work on yourself to become an even better b2b salesp...
Northern Business Expo / 05 Feb 2020
How can storytelling increase your sales?
Over 60% of people remember stories but only 5% remember individual stats. With that in ...
Northern Business Expo / 04 Feb 2020
Say less, sell more
Filler words are the meaningless or unnecessary sounds, words or phrases that mark a pau...
Northern Business Expo / 04 Feb 2020
5 easy ways to boost sales in your new business
Right now, you are your business’s best asset, and no one is better placed to take it ...
Northern Business Expo / 03 Feb 2020
5 simple steps to energise your sales team
5 easy steps for you to add some life into your staff and revitalize your team!
Northern Business Expo / 03 Feb 2020
5 easy ways to increase your profit margins
There are some core fundamentals that often flow the same throughout many companies that...
Northern Business Expo / 02 Feb 2020
Easy techniques to quickly close every sale
Every scenario will need a different closing method. Ensure you and your team are well p...
Northern Business Expo / 31 Jan 2020
Nightmare mistakes you can avoid in your new business
As a new start-up, these first few months can be worrying times – especially if its yo...
Northern Business Expo / 30 Jan 2020
12 productivity hacks
Increasing your productivity is a critical step in achieving your personal and professio...
Northern Business Expo / 29 Jan 2020
Start-up to win £5000 funding in March - could it be you?
Not just the £5000, the winning entrepreneur will also receive an exclusive prize packa...
Northern Business Expo / 29 Jan 2020
How to plan for successful self-employment as a female boss
How does your ideal day look in five years time? The important thing here is to focus on...
Northern Business Expo / 28 Jan 2020
Is it the right time to quit your job?
Whatever your reason for considering quitting, remember it's okay to do so. You need to ...
Northern Business Expo / 27 Jan 2020
Starting a business – the ultimate checklist
There's so many things to consider when starting a business that it can feel like a moun...
Northern Business Expo / 26 Jan 2020
Qualities of an entrepreneur
Entrepreneurship tends to attract people with unique minds and strong personalities, but...
Northern Business Expo / 25 Jan 2020
The 7 dos and don’ts of successful social media campaigns
We’re going to highlight some of the things you should and shouldn’t be doing to imp...
Northern Business Expo / 24 Jan 2020
7 reasons b2b email marketing is still vital in 2020
The predicted changes to email marketing over the next few years are incredible, with mo...
Northern Business Expo / 23 Jan 2020
Can your business be effective without a website?
A whopping 81% of people research a business online before making a buying decision. Des...
DOWO Digital / 23 Jan 2020
Keeping your marketing stack under control
Unsurprisingly, with lots of different competing tools, your stack can get out of contro...
Northern Business Expo / 22 Jan 2020
Digital marketing advances in 2020
Many of your competitors are just not adapting fast enough. Using advancements in techn...
DOWO Digital / 21 Jan 2020
How to work out if your customer journey needs improvement
What metrics should you be looking at? There are lots of metrics you can keep an eye on,...
Northern Business Expo / 16 Dec, 2019
keyboard_arrow_left See all news

Funding sources for business growth

Whether you are looking to scale-up, purchase new equipment, expand into new premises or take advantage of exciting growth opportunities, there are many funding possibilities you can consider. While a plethora of grants and regional funding options exist, almost all of them are for very early-stage development rather than growth, so where can you turn to look for financial support?

Business Loan

When it comes to business loans, there’s a lot to bear in mind. With a wide range of loans on the market and various products designed for speed, short terms, growth projects, or small businesses, it’s hard to know where to begin. If you’re thinking about getting a business loan, make an appointment with an expert who can talk you through the huge range of options, so that you don’t get overwhelmed or caught out.

You might want to look at companies which allow you to get a business cash advance, which means that you pay an agreed fee and repay loans as a percentage of your monthly sales. One example, Business Finance 365 allows you to raise between up to £200,000 in unsecured finance and explain that you only pay when your customers pay you. This means that when your sales are down, your repayments are lower.

Invoice Finance

Invoice finance is often packed with technical terms which can make it hard to understand, however, if you regularly invoice businesses, you could be eligible for invoice finance — one of the best ways to ease cashflow problems and get paid faster for completed work. This is because it is a way of borrowing money based on what your customers owe to your business. So rather than waiting days or weeks for your invoices to be paid, lenders can advance you most of the invoice value immediately.

You can choose your provider based on price to get the best deal and by having a facility away from the bank this gives you greater control over your business finances.

With Invoice Finance, the worry about a customer not paying is taken away. The Invoice Finance provider can collect the debt on your behalf, and once the invoice is raised you are given up to 85% of the invoice value, minus a small fee, following the remaining 15% once the invoice has been paid in full.

P2P funding

Peer2Peer lending is a funding method that has arisen from the social media age – it allows people to invest their money through the peer to peer platform for a higher return than standard bank investments. This can be a great option – you can often repay early without incurring a fee and there is often no cap to the amount you want to borrow. On the flip side, interest rates to the customer can be quite high and you must pay a fee to the peer to peer company for arranging the facility. Make sure you check all the costs.

Crowdfunding

Crowdfunding has become one of the most popular methods to fund a startup, but it is also a viable option for companies seeking growth funds to get to their next stage of development. Crowdfunding can be a quick and simple way to access finance for your business. It has the advantage of tapping into a panel of unconventional investors who are happy to finance businesses who may be looking to launch something more radical.

The main downside to this type of financing is that you, as the business owner, will be sharing your ideas with investors who potentially could take this idea and pass it as their own.


If you want to learn more about how to access funding to scale up your business, why not attend the free workshops at the biggest business event in the North of England? There’s also a variety of providers who can discuss your situation and the funding available to you, an unrivalled networking opportunity and a line-up of inspiring keynote speakers. 

It’s at Manchester Central, is free to attend, and is on 17th & 18th March 2020. Get your free ticket online now to secure your place!

 
Processing. Please wait.
Loading...