There are several options available for business growth funding; whether you are looking to increase turnover, procure new equipment & machinery, purchase new premises or simply to capitalise on upcoming growth opportunities within the market.

Succession Planning Ltd understand your business needs and recognise applying for growth funding can be both time consuming and at times laborious, especially if you have never explored funding options before. We’re here to ensure the process is as simple as possible for you and prepared with all the information and documentation you will need to provide. If you qualify for a finance facility, we’ll endeavour to present all the very best options available to you.

You will already understand the importance of working capital for day-to-day business operations, but you can also leverage this with working capital finance to support your growth plans. A working capital funding strategy enables you to buy larger quantities of stock, tender for larger contracts and capitalise on any opportunities available within the market. Below are some of the funding options that can all be utilised to support your growth strategy:

Flexible Invoice Finance

To keep the cash flowing is the most important part of any business, even more so in a recovering economy. Invoice finance enables you to free up cash from your invoices to customers and is a finance solution that grows with your business – It is an ongoing source of funding sales, as your business grows and sales increase, so does the amount of working capital.

Purchase Order Finance

For businesses who buy large quantities of stock and sell to trade, this type of funding can be an extremely effective solution. You can make significant savings on costs and therefore boost your working capital reserves, allowing you to fund your growth in other areas. There are several lenders who will consider your purchase orders to be tangible assets, giving you access to stock finance options that will enable you to buy increased stock (if the lender can ascertain who it is you buy from and importantly, who you sell to).

Business Growth Funding

Growth term loans are widely available and can be secured relatively easily (assuming the lenders base criteria is met). This is a simple funding option that businesses can utilise at various point of their growth journey to fund specific objectives. If your objectives are clear and you have a defined strategy in place, a short-term growth loan based on your revenue and turnover may well be the best solution available for your requirements.

Asset Finance

For a business aiming to facilitate growth the right type of finance is vital. If you are looking at buying brand-new devices, re-furnished or elevating working resources against equipment or properties you currently possess, there are several options. Asset Finance, as this sort of funding is known, can be a cost-effective remedy, allowing the buyer to spread the cost of acquiring plant, machinery, or vehicles over a variety of years. This aids capital and matches the financing to the life of the asset which is essential when structuring the finance of any company.

Secured Commercial Loans

This solution allows you to secure funding against tangible assets owned by your business such as properties and other assets from your balance sheet. This is a popular solution for mergers & acquisitions, MBO’s and for the re-structuring of challenged businesses. A secured loan will generally offer more favourable rates than an unsecured loan and can be taken out over extended periods.

Equity Investment

Securing funding from an external investor can be a great way to facilitate your business growth but there are several factors to consider. By selling equity in your business, you are also agreeing to the sale of a portion of the future profits, although for many businesses external investment is a necessity to grow and progress.

Whilst not all the suite of funding options has been covered, this list should give you a broad overview of some of the growth funding options available. The finance landscape is fast moving and there are always new deal structures and funding options being introduced to the market.

Whilst that gives businesses a much broader range of solutions to choose from, it also means there is a great deal of information to absorb and fully understand. Succession Planning Ltd work with businesses to present a tailored funding strategy for your business based on assessing all the options available on the market.