When you start your own business, you may need to borrow money to cover day-to-day expenses until your business generates surplus cash, or for initial costs like buying equipment or premises.
This guide looks at the advantages and disadvantages of loans and overdrafts - two popular sources of start-up funding. It provides practical help when choosing a loan or overdraft, taking you through the options available from high street banks and building societies to companies offering unsecured loans.
It also gives guidance on how to raise your chances of success when approaching a lender and lists the main sources of borrowing including specialist loan providers.
To read the full guide on loans and overdrafts for your business visit target="_blank" title="www.businesslinknorthants.org/loans">www.businesslinknorthants.org
You may also want to subscribe to the Business Link Northamptonshire eNewsletter in order to stay up to date with new grants and support services as they arise - visit www.businesslinknorthants.org to find out more.
Loans and overdrafts - To learn more about this author, visit Finn Ryan's Website.
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