Essex Business Funding & Business Finance

Essex Business Funding & Business Finance
It wasn't that long ago that borrowing from your bank, friends, or relatives were the only available options if you need to raise money to start your business. How times have changed!

While some high street banks are still an option for a robust proposition with match funding or the security of the equity in your home, many start-ups have found that traditional bank overdrafts and loan facilities are no longer a realistic hope.

Thankfully, a whole new world of 'alternative funding' is emerging. You may or may not have heard (apparently 95% of UK businesses survey haven't) of equity based crowd funding, reward based crowd funding, peer-to-peer lending, pension-led funding, invoice trading, debt-based securities business angels and private investing (as seen on TV's Dragon's Den).

The government also recognises that start-ups can play their part in the economy as potential tax payers and employers hence the introduction of the Start Up Loan Company. This fund allows you to apply for up to £25,000 per person - Find out more

Grants - some areas do have grants available to aid new businesses. They tend to be location and/or sector dependent but a fanstatic boost for anyonee who qualifies.

The only problem now is knowing which of these is likely to be best for you! To help you decide, we have created a free funding report...

Free Funding Report

If you need to raise some money for your new or existing business and would like to know what options are open to you (without any obligation), please complete and submit this simple form.

Request our FREE report which explains all of these 'new' funding choices in simple English.

We assure you that your information will be treated in the strictest confidence and that we will not sell/share it with anyone else or bombard you with spam.

Accept payments any way your customers want to pay

Worldpay Payment Options
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Whether you’re just starting your business or looking to expand, Worldpay can help your business grow.

We offer a range of ways for your customers to pay you safely and securely whether it’s face to face, online or over the phone.

Find Out More

Latest Funding Articles

If you run your own business in Essex and would like to learn more about the funding options for your business, we have compiled a library of useful resources and frequently asked questions which we hope that you will find both interesting and useful.

Five tips to increase your chances of being approved for business funding

5 Things never to ignore with your business bank account

What is a Commercial Guarantee?

When should I start raising money?

3 Ways To Start Your Business Without Going Into Debt

See Full List of Funding Articles

Essex Funding

Useful Start-Up Resources
If you can help new business start ups or existing small businesses in the Essex area, we would love to promote you here free of charge. (Add Your Business)

IGF Invoice Finance Ltd

The major banks are failing to meet the needs of the SME market. They are inflexible, expect high levels of security for all their lending, and lack any sympathy with, or understanding of, their SME customers. Does your bank spend time listening to your business needs? If your business experienced any financial difficulties, can you rely on their support? Unlike the major banks and major commercial finance providers, IGF is available when you need us. We will ensure we really understand your business and its needs. We will listen and we will care about your goals. We see the relationship as a long term partnership and your success is our success. We value your business; so we do what we promise and won't let you down. We work in a friendly yet highly professional way; championing the needs of the SME. It's why we are so often recommended, not only by our existing clients, but also by accountants and financial consultants throughout the UK. It's why we are challenging the established finance providers and big name institutions; and, it's why we are clearly a better finance partner for your business IGF are a leading independent Invoice Finance provider and have been established for over 15 years. The business is part of ABFA (Asset Based Finance Association) and is wholly owned by The Greater London Enterprise (GLE). This solid backing not only gives us a strong pedigree but it means we are ultimately owned by all of the London Boroughs. IGF offer a broad suite of Invoice Finance and related services including Factoring, and Confidential Invoice Discounting along with sundry services such as payroll, direct debit collection, and short term loan facilities.

Leasing For Business

Who Are Leasing For Business? Leasing For Business have been involved in leasing and asset finance for 19 years, and have a portfolio of funders who want to lend, rather than banks who don’t! What Is Leasing? Leasing is an alternative line of credit. Leasing is a tax based funding option, which allows businesses to acquire equipment at an agreed fixed cost for an agreed fixed term. Who Can Lease Equipment? Lease finance is a Business to Business Funding Product. Whether you are a new start, growing, or established business, Leasing is an option open to your business. What Can Be Leased? Any type of equipment used in a business can be considered for lease funding. Recent examples include fit out costs, coffee machines, furniture, mobile fish and chip vans, beer kegs, commercial kitchen and catering equipment, the list is endless! What Are The Benefits of Leasing? There are numerous benefits of leasing a product. The four main ones are; 1. The Biggest Benefit You Take From The Product, Is In The Use Of It, NOT In The Ownership. 2. Leasing Conserves Cash Reserves. Leasing enables you to acquire the solution you need without making a substantial lump sum cash payment. This can then be used to better effect elsewhere in the organisation – such as product development, new staff or new business opportunities. 3. Leasing Is Tax Efficient. If you pay corporation tax, leasing can be particularly attractive. Payments may be deducted from taxable profits and so the net cost of leasing the equipment is reduced. 4. Leasing Can Provide 100% Financing. In most cases, all of the costs of a solution can be covered in your payments. We will finance equipment and services from a variety of suppliers, thereby simplifying your payments. Contact: Eddie Lambrick eddie.lambrick@leasingforbusiness.co.uk or ring 07944 356547

Start Up Loans

Do you have a great business idea, or have you been trading for less than 24 months? Are you looking for finance and support to help develop your business? If you answered yes, then a government-backed Start Up Loan could help.The first step is to check that you are eligible, and if so, to get in touch with us by filling out our quick online registration form, giving us some basic contact information.

Barclays Bank Plc
Start your business banking with Barclays. Extra free support beyond banking essentials that will help you start your business. 0845 605 2345

Business Growth Fund
BGF was established in 2011 to help Britain's growing smaller and medium sized businesses. Backed by five of the UK's main banking groups - Barclays, HSBC, Lloyds, RBS and Standard Chartered - BGF is an independent company with up to £2.5bn with which to make long-term equity investments. BGF also works closely with other key business organisations. 0845 266 8860

bvca
The BVCA is the industry body and public policy advocate for the private equity and venture capital industry in the UK. Our members come from venture capital, through mid-market, to private equity/large buy-out houses from all over Britain. 020 7420 1800

Factoring Advice Service
Information on how factoring and invoice discounting work, the advantages and disadvantages, different types of factoring and invoice discounting, the cost, and how to choose a factor or discounter. 0800 597 4757

HSBC
Starting a business is rewarding but tough, so we're on hand to help you succeed with support from local Business Specialists, online resources in the Knowledge Centre and Business Network, our award winning Business Internet Banking and 18 months free business banking (check for up to date offers). 0800 731 8904

Lloyds TSB
We understand how daunting starting your own business can be, that?s why we?ll give you a named manager to support you, a range of free guidance services to get you off on the right foot, and 18 months free day-to-day banking*; so you can spend less time worrying about your banking and more time building your business. (* See website for current offers). 0800 056 0056

NatWest
Starting out in business can be a tough time. So to help you get up and running, we have a full range of benefits to get you started. When you become a new business customer, we'll give you 2 years free banking, if you have been in business for less than 12 months*. (* Check website for current offers). 0800 096 8823

Small Business Finance Directory
Lists sources of commercial finance for small businesses, including leasing and hire purchase arrangements, commercial mortgages, and invoice discounting and factoring. It includes banks and other finance companies providing finance direct to small businesses and commercial finance brokers who act as introducers.

Click here to add your details.

Start Up Funding