LCCI LogoLCCI Logo
Contact Us

Accessing the Right Funding

How can you access funding for your business? Successful access to finance requires the right identification of funding according to business needs, as there are different requirements, terms, and conditions for different types of financing. The type of funding that suits your business depends on individual circumstances and requirements.

Most Common Types of Funding for SME’s

Bank loans

A bank loan is money borrowed from a bank or financial institution with interest. Bank loans are popular options for businesses with a good credit history and a strong business plan.

Get more information

Invoice financing

This type of financing involves businesses selling outstanding invoices to third parties as a collateral for capital. This method of funding can help SMEs improve their cash flow.

Find out more

Crowdfunding

Crowdfunding involves raising money from a large number of people through an online platform. Benefits of crowdfunding are quickly raising capital and getting connected with the public.

Find out more

Venture capital funding

Venture capital funding is a type of financing provided to early-stage companies with high growth potential. Venture capital firms invest in these companies in exchange for equity (i.e., ownership) in the business. The aim of venture capital funding is to help these companies grow and achieve their potential by providing them with the necessary resources, guidance, and expertise.

Read here

Resources for the Right Funding for your Business

Your Business Stage

Determine the funding required according to your current business stage:

  • Development
  • Start-up
  • Growth
  • Maturity / closing
Determine your funding

UK Government

The UK government website provides information and resources for businesses seeking financial support, such as loans, grants, and tax relief. It also offers guidance on managing finances, accessing financial advice, and finding local support, aimed at helping businesses navigate the financial impact of COVID-19 and grow sustainably. 

Find out more

Accessing Business Finances for Start-Ups

Investors often want to see a proof of concept or past performance, and without them it can be difficult to secure finances to get your business rolling. However, there are options for start-ups to access financing without any track record.

Find out more