SME FINANCE: HOW TO GET THE FUNDING YOU NEED
Dec 29th, 2023 at 05:30 Services Gurgaon 61 views Reference: 17205
Location: Gurgaon
Price: Contact us Negotiable
SME finance is a way for small and medium-sized businesses to raise capital. SMEs are the backbone of the UK economy, providing over half of all private sector jobs in the country and contributing over 50% of GDP.
There's a huge range of funding options available to you, depending on your business needs:
• Equity investors (individuals or groups) will buy shares in your company. This can help you grow quickly but may also mean that they have more control over your business than you’d like them to have.
• Banks offer loans and overdrafts that are available at lower interest rates than those charged by alternative sources because they know they'll get their money back eventually—usually within five or ten years. However, banks tend not loan more than 50% for any single project because if something goes wrong then there isn't enough equity left in order keep things afloat until repayments become due again later down the line when things are hopefully turning around again better this time round without having gone through bankruptcy proceedings necessary prior.
