Entrepreneurs and growing businesses should research the different finance options on offer or risk missing out on crucial cash backing, investors warned today.
According to Envestors, the private investor network, there are 19 different sources of finance available to SMEs, and business people struggling to bridge the equity gap would do well to get to know them better.
"Now is a crucial time for many entrepreneurs who are looking to take advantage of the improving economic climate to start-up or grow a business, but require external funding to do so," said Oliver Woolley, director of Envestors.
"There are many reasons why SMEs are facing difficulties raising finance, but there is much they can do to improve their chances.
"With more new measures due to be introduced to help rectify the situation, such as the government's Enterprise Capital Funds that are to be piloted later in the year, the problem is not lack of choice."
