We understand that not everyone has surplus cash laying around to start a business. So here are a few quick ideas on how to get cash to fund your new venture & start a business with limited money!
Get a Microloan
The lack of a credit history, collateral or the inability to secure a loan through a bank doesn’t mean no one will lend to you. One option would be to apply for a microloan, a small business loan ranging from £500 to £50,000. Micro lenders offer smaller loan sizes, usually require less documentation than banks, and often apply more flexible underwriting criteria. Get in touch if you need us to create an Invoice for you to take to your lender.
We found these companies as an example so check out www.fundingcircle.com or prospa.com
Going to your local bank is the obvious choice for most people wishing to start a business, but usually business loans from commercial banks are expensive and hard to get. The interest rates are usually higher than a personal loan and you need to provide a lot more documentation. If you are going to the bank, get in touch and we can provide you with an Invoice to take to your lender.
Investing your tax return $$ in a new business is a great way to use those funds to turn a dream into a reality!
A crowdfunding site like Kickstarter.com can be a fun and effective way to raise money for a relatively low cost. You’ll set a goal for how much money you’d like to raise over a period of time, say, $5000 over 30 days. Your friends, family, and strangers then use the site to pledge money. But keep in mind, this isn’t about long-term funding. Rather, it’s supposed to facilitate the asking for and giving of support for single, one-off ideas.
Click Start Digital offer payment plans on all of our packages, interest free!! Our payment plan solution allows you to get started faster. Its breaks the payment into 3 more manageable instalments allowing you to start now pay later! As soon as the first payment is made we will get the ball rolling with your training. Remember to choose a package that suits not only your budget but also take into consideration the amount of guidance & support you feel like you will need during the initial start up phase.