Guessing many of you may have worked really hard to get support and even raise funds for your business or startup.
Over the last few weeks I've been in touch with many companies claiming to support businesses and startups yet there alwasy seems to be one criteria or another that prevents them from assisting.
There's a lot of talk in the UK about supporting businesses, especially startups and although support was received to get the business started, getting additional support to grow seems really tough!
The business has now been trading for just over 2 years and it's done ok but with ideas to grow, this is where it gets tough!
Startup Loans - Great to get you started but after 2 years of trading, they will not support with adddtional top up loans. Support declined.
Virgin Media Startup - Will not support you if you have already used Startup Loans.
Business Bank - Support declined for loan and overdraft.
Others contacted (Equity, Peer to Peer and more) require you to be a homeowner, have a certain turnover per year, be trading for a certain period of time... the list goes on.
With all the millions and billions you hear about going into businesses, many of which fail and your only asking for quite a small amount considering the large quanitites some busness raise, why is it so tough?
Eventually I had a long chat with my business mentor and basically it was said that I should not try to raise anymore funds but to get the existing business loan cleared (not much left to pay) and grow the business organically but this can take time.
Crowdfunding was mentioned as an alternative but this is really tough to get the support as it's aleady been tried and tested.
Always open to ideas and suggestions.
Steve Jarvis | Proprietor/ Owner Of Figureland www.figureland.co.uk Tweet & Follow: @FigurelandUK Call During Opening Hours Mon-Fri 9am - 5.30pm Tel: 01895 349595 Email: firstname.lastname@example.org