Cash Reserves and Savings
As a start-up we will be requiring an investment from an investor who believes and supports our business plan and thinks that this social enterprise initiative where we are trying to make the lives of elderly better can work.
Cash reserves and savings (Owners Equity/Capital)
Start-up business group will be sourcing the initial half of the funding through their cash reserves or savings i.e. half of the funding will be owners equity. The other half will be coming from potential investors willing to invest out business i.e. to seek out a loan from banks, from investment companies and from individual investors.
Banks
It will be our first source of application as they offer attractive interest rates for start-up companies.
Business Angels
Wealthy individuals or networks prepared to invest personal funds in both start-up and established firm.
Community development finance institutions (CDFIs)
Community development finance institutions which lend to businesses, social enterprises and individuals who have difficulty in securing finance from more traditional lenders such as banks and loan companies.
Government schemes
The UK government funds and manages a wide range of business financing schemes which are delivered directly by the government or through banks like Seed Enterprise