MAGAZINE: Access to finance for start-ups and SMEs
Running your own business can be hugely rewarding, but also hugely challenging with a multitude of issues to keep on top of.
One of the biggest concerns is often cashflow and financing. Keeping your business in the black can often be an uphill battle for small and medium sized businesses.
Featuring in this video is Jonathan Diggins, Chief Executive Enterprise Ventures, Laura McMullen, Business Development Director of Funding Circle and Darren Hart, Head of Growth Capital for Santander. Our guests share helpful advice and easy tips on the best way to pitch an idea and the best way to seek financial help.
Research conducted over the past 12 months shows that a shocking 1-in-8 UK businesses have used personal credit cards for financing, whilst 1 in 4 have relied heavily on overdraft facilities to keep their business trading.
The research also reveals that 15% of business owners simply weren’t aware of alternative forms of finance.