larger Capital

[jodimyatt]

I started my business in November 2004 and started on a shoe string, i am not doing to badly now and making enough money to live I want to expand to a certain level and at this rate with smaller amount fo finace along the way could grow but will take allot longer.

i been looking at grants/vc extra and these are all for larger amounts of money.

Would I be better in aiming high and applying for the money that I need to do my projects 5 years down the time now.

[Babylon]

Hi,

I am glad to hear that business is going well after 6 months. It is difficult for me to comment on the best form of finance for you without knowing more about your business, why the money is needed, how much you need and what are your longer term plans.

If you are happy with your business then I would devise a 3-5 year plan, which requires some time and effort (not to mention some crystal ball gazing!). This should identify your funding requirements and likely timing. Based on this I would develop a financing solution.

If possible, you should try to finance your growth using the following:

(1) Asset finance
(2) DTI small firms loan guarantee scheme
(3) Grants

For basic information on types of funding and the issues involved please visit our website. (See signature link below).

Best wishes,