Guide to funding a new business | Business Start Up Loans & Mentoring | Transmit Startups

If you’re thinking of starting a business, good news! There are lots of ways to finance a start up.

Start Up Loans, business bank loans, personal investment, peer-to-peer lending, equity investment, crowdfunding…even the Bank of Family and Friends! But how do you decide the best option for your business? This guide explains your startup business finance options and answers common business finance questions like:

• What is the best way to finance a business?

• Where can I get money to start a business?

• Can I borrow money to start a business?

• Where can I get a small business loan?

Before we get started…

Remember, if you’re considering business finance, you’ll need to find an option that:

• you’re eligible for and comfortable with

• provides enough capital to suit your ambitions

• has affordable repayment terms

No reputable lender will let you borrow more than you can afford…and that’s a good thing!

If you’re not sure how much money you’ll need, check out our article on how much it costs to start a business.

What is the best way of financing a new business?

There are lots of different options to finance a new business, including:

• Personal investment

• Family and friends

• Business loans

• Start Up Loans

• Peer-to-peer lenders

• Business grants

• Equity investment

• Crowdfunding

There is no ‘best’ way of financing a start up business. You need to find the best solution for you. That might mean putting your own money into a business while you get it off the ground, borrowing money to boost your startup funds, or seeking support from outside investors.

You can find out more about each of the options below.