As a business grows and develops what are your best options for funding growth? This becomes the most important question.

It is essential that you choose the right source and style of funding for the opportunities ahead. This includes where the assets are held. It could be you wish to fund a Management Buy Out, or expansion into new premises, or the purchase of equipment.

There are a number of options to consider including:

• Equity – represented by retained profits in your business or new investment by you or other investors. Sources include your friends, even staff, business angels and venture capital providers. It could even be pension funds, this requires specialist advice but can be quite tax efficient.
• Overdrafts- usually available from your bank but can be recalled a relatively short notice. This is used most commonly for working capital requirements rather than significant growth funding.
• Term loans – from banks or other financial institutions. This could include asset finance such as hire purchase and leasing schemes. This is usually secured against the assets of the business.
• Invoice financing – The various forms of lending against the strength of the invoices you have sent to your customers.
• Other alternates – There are often other ways to provide finance dependent on the circumstances and how the money will be used.

WLP have a good knowledge of sources and extensive experience in providing guidance on growth funding and the benefits, as well as risks involved in each transaction. It’s all part of our pragmatic approach to our clients’ needs; if we encourage you to adopt an ambitious growth strategy, the least we can do is provide ways for you to fund it efficiently.

WLP are often innovative in the use of finance. We aim to guide you to sources appropriate to your business at the rates that are the best that can be obtained by the business and at the right level of risk.

For further information or a no obligation face to face discussion please contact WLP.