You Need Resource to Grow
You have created the strategy, you have seen the gaps in the market and have the vision to capitalise and take your company to new heights, however you have the hand-brake on as you simply cannot afford to push the button.
This can be one of the most frustrating parts of building a business, when you know what you need to do but cannot find the resource to make it a reality, especially if speed of execution is a factor.
Business Loans
Typically these are unsecured loans of up to £500,000. The benefits are that these can be very quick, funds in your bank in under a week, however you can see high rates depending on your status. You can borrow up to 60% of your annual revenue over 6 years maximum, but it will all be based on your trading history and business plan/forecast for the future.
Asset Backed
Funding typically from £250,000 to £10,000,000 if your company has assets that can be used as collateral. As you are using assets to give lenders added security, you will tend to see lower rates than standard business loans, and you can borrow larger amounts if the assets have the equity to allow this. Obviously, the main downside here you are putting your assets on the line.
Private Equity
Bringing in a private equity funder/partner can turbo charge a business, especially if that partner can also bring experience of the sector and open doors you may not have had access to previously. However, this is a lengthy process requiring a great deal of depth, and once obtained you will be giving some control and power over your company to the funder, so choose wisely and don't be blinded purely by the financial gain.