Getting the funding to get your business idea off the ground can be a difficult if you don’t know where to start.
These days, there are multiple cash flow sources to choose from, including crowd sourcing, bank loans and government grants. However, it’s essential to evaluate all of your options before choosing a source of finance.
Prepaid MasterCard providers, icount, have generously offered up their tips for finding and securing business finance. So if you’re finding it difficult to fund your business idea, read on to see what other options may be available to you.
1. Government Start-Up Loan
If you’re starting a new business, you may be eligible for a start-up loan from the government. Under the scheme you can borrow up to £25,000 to be paid back within 1 to 5 years.
With 12-months of free mentoring for loan recipients as well as a low, fixed interest rate, these government loans are a great way to get the funding you need for your business.
Visit the Start Up Loans website to learn more about the scheme and to see if you’re eligible.
2. Bank Business Loans
Most high-street banks offer business loans for those looking for extra funding. Some offer fixed interest rates and different repayment time periods, so it’s worth shopping around to see which bank loan suits your specific needs.
As with most loans you will be subject to credit checks. So it’s important to make sure you have a healthy credit rating to boost your application’s chances of being accepted.
If you’re looking for ways to build your credit score, you can add a Creditbuilder to your icount card to help you improve your credit rating.
Crowdfunding is the art of raising money for a project, venture or charity through donations from the public.
You can ask people to donate money for almost anything, however many use crowdfunding platforms to raise money for developing their products.
Crowdfunding is a great way to secure business finance, as there’s no limit to how much you can money you can raise. And it’s also a good way to raise awareness and create demand for your product or service.
4. Fund Yourself
One of the most reliable ways to secure business finance is to fund yourself. Getting an extra source of income such as a part-time job can help you to get the extra cash you need to develop your business.
It may take a while to save up to the amount you require, however you won’t have to worry about credit checks or failed loan applications.
Your Business Needs These 13 Digital Security Solutions – Here’s How To Get The Most Out Of Each
How would you characterize your organization’s digital security posture? If you’re not sure how to answer this question, or perhaps would prefer not to answer it at all, you’re not alone. Countless decision-makers, from uber-competent CTOs and CISOs to CEOs and COOs who couldn’t code…
Louisiana And Oklahoma Introduce Digital Identification To Prevent Fake ID Use
Digital ID in Louisiana Utilizing digital IDs has been a commonly broached topic for a while now. Although most states are only either deliberating their helpfulness or in the utmost initial stages, Louisiana has moved forward. The primary introduction of this technology was done back…
ScanGuard Review – Here is What You Should Know
Doesn’t it sound good and satisfying to have a goop-performing antivirus that is reliable enough? Yes, it is. For that reason, you need to be extra careful when you are in search of a good antivirus. Put all the necessary factors into consideration so that…
The Emerging Need for Social Media Security
By the time you’ve finished reading this sentence, nearly 700 passwords have been stolen from social media accounts across the world. Social media security breaches have the potential to cause up to $6 trillion in cybercrime damages by 2021, up from $3 billion in costs…
Which New Lorex Security Camera Is Right for Your Home?
Keeping your family and your possessions safe requires a proactive approach, and one way to protect what you care about is with a security camera system. Lorex Technology is well known for their security camera solutions, and their two newest products will change the way…
- 3D Printing
- App Dev
- Artificial Intelligence
- Arts and Entertainment
- Big Data
- Blockchain Tech
- Business Technology
- Car Technology
- Cloud Computing
- Cloud Storage
- Computer and Technology
- Conference Calling
- Coupons and Deals
- Cyber Security
- Dark Left 1
- Data Center
- Data Recovery
- Digital Arena
- Digital Marketing
- Edu Tech
- Email Marketing
- Google Glass
- Guides and Tutorials
- Health and Fitness
- Home Improvement
- Home Security
- Internet and Businesses Online
- Internet Marketing
- IT Careers
- Mobile Apps
- Mobile Security
- New Tech
- Online Shopping
- Project Management
- Reference and Education
- Reputation Management
- Sales & Marketing
- Shopping and Product reviews
- Small Business
- Social Media
- Tech Trends
- Technical Support
- Technology in Education
- Tips & Tricks
- Tips And Tricks
- Video Conferencing
- Virtual Reality
- Wearable Technology
- Web Design
- Web Development
- Web Hosting
Ticking The Box VS Going The Extra Mile: Is Automation Hurting The Customer Experience?
The modern small business has a significant amount of electronic communiqué to deal with day-in and day-out. Most likely, they’ll also have a website that’s a large part of their marketing presence. That standalone site and/or their social media presence can become either highly cost-effective…
How Reinvesting Profits Can Help Your Company To Grow
Making a profit is the obvious goal of any business. But what should you do with those profits once you’ve made them? Two immediate answers spring to mind: save or spend. There is a third option, however, which involves keeping your money moving while making…
How to Immediately Improve Your Online Security
While the internet might seem paradisiacal, danger lurks in the obscurity of it. Apart from outsourcing your IT needs to specialists like IT support companies in London, there are immediate measures you can take to ensure your online world is as secure as the home…
Everything You Need To Know About Cybersecurity In 2019
With long workdays and jam-packed weekends, it’s a godsend that we can do most of our shopping, social interaction, and many other day-to-day tasks from the convenience of our computers and mobile devices. The internet has been making our lives so much easier for the…
4 Reasons Why You Should Upgrade Your Cybersecurity Right Now
Decades have passed since the phenomenon called the internet, cybersecurity is still very much a threat to businesses and individual users alike. Considering how much money cybersecurity companies invest to bolster their solutions, you would think that cybersecurity threats would be a thing of the…
Why Small Businesses Need A Web Application Firewall
Today, cyber security is one of the primary concerns of small businesses and large tech companies alike. The threat landscape is ever-evolving, with increasingly sophisticated hackers racing to thwart cyber security experts as they build stronger lines of defense. On top of that, the numbers…