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Gaining access to finance: tips to turn your business plans in to reality

05 May 2017

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You’ve had this brilliant idea that solves a problem or adds value for customers. You’ve just won a big contract and now need to increase your stock levels, or perhaps you have grown a business over the last few years and are looking to expand into a new market. 

Funding is the next step to turn your plans in to reality – here’s how…

  1. Understand your funding options

    Your funding options depend on several factors, including the nature of your business, your ambitions and your business growth stage. Funding options suited to mature businesses probably don’t work for ambitious start-ups. If you have been in business for less than two years, your business would fall in to the Start-Up bracket, a company growing at 15% + per year is in the Growth category and large corporate businesses are classed as Established.

  2. What is Equity finance?

    Equity finance means that you are selling shares in your company to inject funds. Equity finance is typically used by fast growing companies to finance investments that have a longer-term return. In return for the investment, the business usually gives certain rights to shareholders.

    This can include making annual payments to shareholders, rights to be consulted on key decisions or represented on the company's board. Investors can also help you grow your company, and some may be willing to provide mentoring and other support.

  3. What about loans?

    Taking on debt means that you are retaining your ownership of the company - but also means that you are not sharing the risk for growing your business with other investors.

    You will have to repay loans or other forms of debt according to an agreed schedule. Many start-ups or very young companies struggle to get access to loans as lenders want to see a track record that ensures the company can pay-back the loan or the company has assets that can be used as security.

  4. What about Accelerators?

    Accelerators combine seed capital and mentorship - often in a 3-6-month programme that may culminate in a "demo-day" where start-ups pitch to investors. Some accelerators offer free working space and mentorship support, instead of capital. In some cases, they are backed by large corporates who are interested in tapping into the innovative ideas.


Katrin Herrling FUNDING XCHANGE (FXE)

Katrin Herrling, CEO & Co-Founder, FUNDING XCHANGE (FXE)

Katrin co-founded FUNDING XCHANGE (FXE) setting out to disrupt the inefficient SME funding space by creating the first UK marketplace for businesses to easily access bank and non-bank funding solutions in one place. FXE launched in 2015, announced an exclusive partnership with KMPG Small Business Accounting in October 2015, and was designated as an official finance referral platforms by the British Government in November 2016.


Join us at the Enterprising Women Summit 2017 – 16 June

Katrin will be speaking at The Enterprising Women Summit 2017on 16 June. Join us and some of the country’s most inspirational business women to hear fascinating stories, learn how to implement lasting changes in your company and leave motivated to accelerate your career.

Find out more

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