Raising small business finance isn’t an easy process, particularly in light of the recent credit crunch and the liquidity problems experienced across global financial markets. Of course that’s filtered down to small business loans, which are now less easy to come by, particularly at start-up stage. Yet, ironically, getting any business off the ground requires money and a bit of faith from those with the resources to spare.
Raising small business finance from a bank is yet still most likely the path of least resistance to raising funds. Your alternatives are to find a private investor or investors, who will almost certainly be looking for an equity stake in return for their input, and will be far more discerning that the bank in choosing to whom they give their financial backing. This second route is immensely difficult, unless you have a rich family member willing to step in and foot the bill on favourable terms.
If you do intend to raise your small business finance from your bank, you should initially prepare a business plan documenting the fundamentals of your idea, how your business will be run, and how much money you think it will make ...
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November 30th, 2008 
maureen 
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