Where do I go if the
banks won’t lend money
for my business?
There is a great deal of news (& noise)
surrounding how easy or hard it is for
businesses to get access to finance to
fund...
At the same time, the CBI states that while
lending levels in the economy are subdued
this is not just driven by banks unw...
So the picture on whether finance is
available or desired is mixed.
However, if we take the FSB research on
face value & s...
There are a wide number of providers of
small loans (up to £50,000). In most cases
these providers require that you have b...
Organisations such as Arrow Small Business
Finance, Aston Reinvestment Trust,
Coventry & Warwick Reinvestment Trust,
provi...
Across the West Midlands there are various funds
available, which are managed by Business Angels
and venture capital organ...
Good examples include Midven, who administer
the Early Advantage fund & the Exceed fund &
Advantage Business Angels who br...
There are a number of grants available for small
businesses in the West Midlands. These are targeted
on exploiting high gr...
One such example is the
Business Development Programme,
administered by the Greater Birmingham
& Solihull LEP.
These grant...
Many business have heard all the noise &
decided that the bank will not lend to them
before they’ve even asked the questio...
For More Information/Advice
Call: 0121 707 0550
E-mail: info@pathwaygroup.co.uk
Visit: www.pathway2grow.co.uk/blog
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Where do I go if the banks won’t lend money for my business?

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Where do I go if the banks won’t lend money for my business? outlines the different options that can be accessed if banks won't give your business a loan.

If you would like more business advice, to learn about the business courses that we offer or for more information on the services that we provide please call: 0121 707 0550 or e-mail: info@pathwaygroup.co.uk or visit: www.pathway2grow.co.uk

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Where do I go if the banks won’t lend money for my business?

  1. 1. Where do I go if the banks won’t lend money for my business?
  2. 2. There is a great deal of news (& noise) surrounding how easy or hard it is for businesses to get access to finance to fund their growth plans. Research from the Federation of Small Businesses (FSB) suggests that 40% of small firms have been refused credit by their bank.
  3. 3. At the same time, the CBI states that while lending levels in the economy are subdued this is not just driven by banks unwillingness to lend, but rather a combination of banks assessing risk differently & demand for lending being lower. The argument being, that many businesses are avoiding higher risk growth strategies until they see greater economic stability.
  4. 4. So the picture on whether finance is available or desired is mixed. However, if we take the FSB research on face value & say that nearly half of all small businesses cannot get borrowing from their bank, & they need that borrowing to grow -where can they go?
  5. 5. There are a wide number of providers of small loans (up to £50,000). In most cases these providers require that you have been to the bank first to evaluate the loan. Loans
  6. 6. Organisations such as Arrow Small Business Finance, Aston Reinvestment Trust, Coventry & Warwick Reinvestment Trust, provide loans up to £50,000 for businesses in the region. Other organisations such as Birmingham City Council & the Prince’s Trust also provide finance for small businesses dependant on certain criteria. Loans
  7. 7. Across the West Midlands there are various funds available, which are managed by Business Angels and venture capital organisations. These are obviously looking for a stake in your business and a return, but can often provide more than simply the money, also the help and guidance you need to grow your business. Equity Finance
  8. 8. Good examples include Midven, who administer the Early Advantage fund & the Exceed fund & Advantage Business Angels who bring individuals & businesses together so that finance & experience come together. Equity Finance
  9. 9. There are a number of grants available for small businesses in the West Midlands. These are targeted on exploiting high growth or attractive sectors for growth in the region & are generally specifically targeted to your sector, geographic location or more recently if you are looking to create jobs or commit to capital expenditure. Grants
  10. 10. One such example is the Business Development Programme, administered by the Greater Birmingham & Solihull LEP. These grants can often involve match funding where they are looking to you, to invest at the same time. Grants
  11. 11. Many business have heard all the noise & decided that the bank will not lend to them before they’ve even asked the question. It is worth remembering that banks need to lend – that is their main business! So, before you dismiss it, it’s worth finding out directly. Your Bank!
  12. 12. For More Information/Advice Call: 0121 707 0550 E-mail: info@pathwaygroup.co.uk Visit: www.pathway2grow.co.uk/blog

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