Funding For Business Growth
Getting funding for your business can be a tricky, time-consuming process for many entrepreneurs and business owners and can take time they simply don’t have. It can be a complicated and potentially frustrating process, resulting in many business owners neglecting funding options that could really aid business growth or not realising they are eligible for potentially large sums of money from various government funding schemes, including R and D tax credits. There is a range of potential business finance options out there that can help your business bank money regardless of whether you are a small business or a more established business.
Getting help from funding specialists can be a great option to find out what business funding opportunities you could be eligible for and to guide you through the tedious process and paperwork to achieving your funding needs. Here at Veritas Noble, we have a proven track record with a wide range of businesses taking the hassle out of the process and helping your company grow and reach the next step.
What Options Are Available?
There is a wide range of funding options that could be right for you depending on your business size and business goals. For small businesses, there are small business loans and grant schemes designed for growing your business. One advantage of grants is that you don’t have to pay them back making it an ideal growth funding option for many small businesses.
If you arent eligible for a grant don’t worry, there are still some other great options that can help your business grow including unsecured small business loans. As no assets or collateral is needed to secure this loan it is a great option for small businesses to receive upfront capital with flexible terms and repayment, meaning you can plan your cash flow in advance. If your business is growing quickly then this could be your answer as it tends to take much less time to secure than other loans, with the money often being received in as little as a few days.
R & D Tax Credits
R & D Tax Credits is a government funding scheme that aims to reward innovation across a wide range of sectors. If your company has spent money on researching and developing new products or services or improving existing ones, you could qualify to claim back a portion of those expenses as either a cash payment or tax reduction. Many companies have no idea they are eligible to claim any of these expenses back and if this is your first claim, you could even receive the last two accounting years of expenses back. Get in touch with us today to find out out more about this scheme and whether you could qualify.
How Can Funding Aid Business Growth?
Once the funding you are after is secured, you can start looking at all the different potential growth opportunities. If you have a great idea for a start-up business, funding can give you the opportunity you need to purchase equipment, obtain business licenses, hire the right talent and for marketing activities to get your amazing idea out there and start attracting customers.
For small businesses, loans and grants can provide you with the capital needed to purchase more assets, such as vehicles and machinery that could help you expand your operations, reach more customers and ultimately improve your cash flow.
If you are an established business, funding alongside some effective business planning could provide you with the help you need in order to achieve both your short term and long term goals. This could be expanding your range of products and services, hiring more staff, improving your management team or even expand internationally.
Whether your company is in a tricky situation financially right now or you are a growing business that needs that extra help in order to make your vision a reality, Vertias Noble can help you find the right finance scheme for your company. We take the frustrating, confusing nature out of the process leaving you with only the simple and easy steps. This allows you to use your time and energy more efficiently in other parts of the business. Many businesses around the UK benefit from the various funding schemes so there is no reason why you shouldn’t be making the most of the funding opportunities that will help your business grow and expand