The guide highlights the seven most common challenges businesses might face and the types of finance that could help them. The guide covers:
- Starting A Business – Starting a new business often requires capital – money that is used to help research a business idea, create a prototype product, or purchase equipment or machinery that a new business will use
- Research and Development – Research and development (R&D) is when a business develops innovative products, services, or processes
- Importing and Exporting Goods and Services – Businesses selling goods or services overseas face risks when it comes to cash flow and receiving payment from buyers
- Protecting Cash Flow and Working Capital – Cash flow can be unpredictable with unforeseen costs, seasonal fluctuations, and wider economic challenges all impacting business growth
- Debt Consolidation – If a small business has multiple loans or lines of credit, they may decide to consolidate their debts into a single, more manageable loan
- Purchasing a Major Asset – If a small business is looking to acquire another business or invest in a large asset, such as specialist plant or machinery, an injection of capital may be required
- Scaling and Growing a Business – Whether it’s opening a new location, expanding product lines or increasing production capacity, growth requires capital
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