A key part of any growing business is making sure you find the perfect financing solution to create a solid foundation for long-term growth.
The first consideration for financing is personal savings.
While the main advantage is that you know the amount of money available, ultimately limited funds will stifle growth and retard innovation.
Businesses have access to a variety of prime debt financing solutions, whether in the form of loans or alternative asset-based solutions, where the level of financing is based on the underlying value of the assets.
The consumer debt market has been disrupted in recent years by independent debt funds that focus their lending on the underlying business and cash.
The advantage of this type of debt financing is that it is not dependent on asset backing, it provides financing solutions based on the business plan and cash generation, which results in capital to grow and accelerate development.
Over the past decade we have seen an increase in the number of private equity firms, venture capital firms and family offices seeking to invest in and support businesses of all sizes.
While an investor will take a stake in the share capital, they have an explicit desire to fuel the growth of the business, which ultimately makes the retained shareholding much more valuable.
Despite recent economic challenges, the financing market remains buoyant for growing businesses.
The Pierce Corporate Finance team has extensive experience in assisting growing businesses by helping our clients obtain the most appropriate financing solution for their needs.
Contact the team today to explore your options.