Overdrafts and bank loans are the most common source of additional finance.
Before lending,, a bank will want to know that you are a good risk, typically they will want you to:
- present a credible business plan
- provide evidence that you have a successful record in business
- offer security for any money they lend you; often business assets or a personal guarantee
- investment some money in the business yourself
If you don’t meet all the bank’s normal requirements you may qualify for a loan under the Berr’s Small Firms Loan Guarantee (SFLG) scheme.
We will work with you on your financial proposal and will accompany you to your meeting with the bank. We have a network of contacts within the High Street Banks.