It is a common misconception that new start businesses cannot obtain finance.
As long as you understand that new businesses have a higher failure rate than established businesses, and adjust the application accordingly, then there is no reason why funding will not be offered.
So, if you present a valid business plan, ensure the business has sufficient cash to cover early trading, and provide adequate security, then you can expect full support from the funder.
At Sterling, we are uniquely placed to assist the new start business. We can help draft the business plans and financial forecasts, provide ledger-based facilities to ease early cashflows, and advise on how to provide security.
For any new start business, the funder will need security in the form of either total asset cover (higher than average deposits), or personal guarantees.
Sterling Commercial Finance Limited is a Broker not a Lender.
Sterling Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority.
Sterling Commercial Finance Limited is entered on the FCA Register https://register.fca.org.uk under reference 733615.
The guidance and/or advice contained in this website are subject to the UK regulatory regime and are therefore targeted at consumers based in the UK.
Sterling Commercial Finance Limited is registered in England and Wales No. 3853461.
Sterling Commercial Finance Limited is registered for VAT No. 737604523.
Sterling House, 5 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550
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