The chapter deals mainly with loan finance where you can find useful tips. This headline is divided into ‘bank loan’, ‘bank overdraft’ and ‘Credit Cards’. The first tip you should consider is credit card, money lenders and credit card agencies are not good for open a business. You should first ask for a bank loan because it is much safer than credit agencies or money lenders!
Definition of equity investments: This is what the Dragon’s Den is about! They exchange a share in your company for a capital sum.
Business angel is another method to seek for investment! Business angels are high net-worth private individuals who are looking to invest in companies that are likely to achieve high growth. The author wrote a link to the British Business Angel Association where you can find some investors:
http://www.bbaa.org.uk/
Venture Capitalists invest usually more than a business angel. The minimum of a venture capitalist is approximately at two million pounds but they don’t often invest in start ups. They expect a high level of return on investment within a specific time frame.
For venture capitalists exist a website to which is called: The British Venture Capital Association:
http://www.bvca.co.uk/
Additionally there are some sources for funding your own small business:
http://www.berr.gov.uk/
http://www.businesslink.gov.uk/
And for budding entrepreneurs aged between 14-30 the princes trust is the right address:
http://www.princes-trust.org.uk/
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