How much can you borrow for your business startup?

There really is no set figure as to how much you can borrow when it comes to starting your business.

While it may be true to say that some banks have a ceiling of £25,000 in many cases, there are other ways of obtaining investment.

Naturally you should take great care in providing a business plan that outlines exactly how much you need but if you are looking to borrow a higher sum and the financial institutions aren’t moving, you could consider alternative methods such as peer to peer funding or outside investment from a business angel.

30 January, 2014

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