Glasgow Business . 41
www.glasgowchamberofcommerce.com
UNLOCK FUNDING
For businesses looking for an injection of money, perhaps to keep ticking along or to expand, there are a number of options available...
The banks
Banks remain the first port of call for many businesses looking for debt funding, as the process is relatively simple and well understood. Despite numerous government and industry initiatives though, many businesses continue to find lending either hard to come by or only available on unatractive terms. If you are to approach your bank, go prepared. A
strong, realistic business plan and robust financial records are a must. Funding from other sources, such as a grant or investors, will also help persuade the bank manager that your business is a risk worth taking on.
The Scottish Seed Fund
Administered by the Scotish Investment Bank, the Scotish Seed Fund (SSF) is a government- sponsored equity investment fund, able to take equity stakes of between £20,000 and £250,000 in eligible SMEs. Te purpose of the fund is to help early stage
Scotish companies with growth or export potential to find investment finance, usually at the end phase of product development or commercialisation. It focuses on businesses launching new products, exporting and increasing employment in Scotland. Crucially though, the fund won’t provide more than 50 per cent of the total equity funding required
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60