A start-up business will commonly require investment or short-term borrowing to grow. It can be difficult to secure finance for these businesses for a variety of reasons. However, there are finance options available both short-term borrowing and long-term lending. A business plan is fundamental in securing a business loan. Business bank statements won’t be there to show some form of trading history in new start-up businesses. The business plan maps out to the financier what the business is looking to achieve. Also, how turnover levels, profits, and cash flow are going to look moving forward.

When a business starts it will be categorised as a small business and the type of loan you are eligible for will vary greatly. An unsecured loan over a short time frame may be the best option as you need capital to start your plans off but once the business has grown there may be little requirement for further funding. A secured long-term loan over 5 years for example may be what the business requires. In each of these circumstances, Pinnacle Business Finance in Bristol will be there to talk through the options available and have seen thousands of small businesses flourish and grow as a result of business loans.

When a business starts, it will be categorised as a small business. The type of loan you are eligible for will vary greatly. An unsecured loan over a short time frame may be the best option. You need capital to start your plans off but once the business has grown there may be little requirement for further funding. A secured long-term loan over 5 years for example may be what the business requires. In each of these circumstances, Pinnacle will be there to talk through the options available. We have seen thousands of small businesses flourish and grow as a result of business loans.