Help and support

Considerations for start-ups

If you are starting a business and looking for finance, make sure you’re prepared to answer the bank’s questions and can back up your answers with research as much as possible.

The top four questions you’ll be asked

When you apply for finance, a bank is most likely to ask the following four questions. The right answers will improve your chances of success, helping to make sure you receive the right amount from the best source.

1. What sort of business are you planning to run?

2. How much finance do you think you will you need?

3. How long do you think you will need finance for?

4. Are you, your friends or your family putting money into the business?

Your business plan should contain the answers you need.

Click here for a guide on how to write a business plan >>

What next?

A good understanding of the options available is an essential starting point and enables businesses to select the type of finance that is right for their circumstances and plans.

Click here to download the Business Finance Guide >>

If you know you want to apply for funding but are unsure about the next steps, there are many professional and business organisations who can offer help and advice about your options.

Click here to get in touch with someone who can help >>

You can also get in touch with a business mentor.

Click here to read about Mentoring >>

To find out more about business finance

Click here for information about how much finance you need >>