For SMEs, obtaining and securing the right source of finance can present a major challenge. Lack of available funding for SMEs has been brought into sharper focus post-credit crunch. Many growth businesses are started by entrepreneurs, often with little experience of how to raise finance to fund this growth.
This guideline first and foremost seeks to help them when it comes to looking for sources of finance. It sets out the main financing options and the key issues to consider when choosing between those options. Accountants and other advisers to SMEs may also find it a useful reference tool.
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