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Types of Finance
Overdraft
A popular form of finance because it has the advantages of availability, convenience and flexibility. However, because interest rates are high, it should only be used for short-term requirements such as funding working capital. Find out more about Overdraft.
Bank term loans
These provide fixed-term finance for longer periods. They are often secured by a charge against company assets and require you to sign legally binding covenants. Find out more about our Loans and Finance products
Asset-based finance
This describes financing an asset over its estimated life span using the asset as security for the loan. It can be structured so that the borrower has the sole right to use the asset and ownership transfers to the borrower at the end of the loan period. Find out more about our Asset Finance products
Receivables Finance
This form of finance uses outstanding customer invoices as security. Find out more about Receivables Finance.
Invoice discounting
Similar to Receivables Finance, this is usually only offered to larger companies with strong credit management systems.
Angel funding
An individual invests in a company in return for shares in the company.
Venture capital
There are organisations that specialise in investing in unquoted companies which they believe will offer high returns to investors. There is strong competition for this type of finance and you should only consider it after assessing all the alternatives.
Personal resources
These include personal savings, money borrowed from family and friends, or profits generated by the business.
