Funding your Business Guide

Leasing or Hire Purchase Leasing allows a company to hire an asset based on the arranged lease. At the end of the period the equipment is returned or in the case of hire purchase, the balance left on the item has the option to be paid at which the item is owned by the company. What Next? The information supplied here should only be considered as advisory around the different ways you can fund your business. We recommend you get expert financial advice or talk further with your bank or accountant to decide what forms of financing is going to be right for your business. All forms of borrowing carry risks and you will need to explore how raising the funds will be repaid as well as enable you to launch your products or services. Getting this right could offer a major foundation to your business growth. Getting it wrong could saddle you with crippling debts so explore this wisely.

Need More Advice? Contact Clarion Business Support Unit for more advice: bsu@clarionhg.com