When starting or growing a business you need to consider how it’s going to be financed.  Preparing a cash flow forecast is essential to determine how much working capital you will need to start and grow your business.  Business advice and help is available from Jersey Enterprise to prepare these forecasts. (See Business Advice). Raising finance can be achieved in a number of ways, in some cases including a combination of finance from more than one source: Some examples include:   

• Using your own savings.
• An overdraft facility from a commercial bank
• A business loan from a commercial bank.
• An investment from family or friends
• A private loan from family or friends
• An investment from a third party private investor
• An investment  from a Venture Capital company
• Lease purchasing, or higher purchase, facilities for capital equipment

For further information and help about financing your business contact Jersey Enterprise.

If after trying all the options you are unable to secure funding for you business Jersey Enterprise might be able to assist you with our Small Firms Loan Guarantee Scheme. Loans from approved banks of between £5,000 and £250,000 can be guaranteed, up to a maximum of 75% of the total amount borrowed with repayment periods of between 2 and 10 years.  

If you are considering a Small Firms Loan Guarantee we recommend you get in contact with us.  We will need to understand your business plan or can assist in the preparation of financial information and cash flow forecasts.  These will be required when you present your business case to the bank. Download the application form. (PDF.52Kb)

List of Approved Banks partnering on the Small Firms Loan Gaurantee Scheme are

If you are looking for a venture capital company you might find the below link to the British Venture Capital Association useful.  This funding is usually used to support business growth, management buy-outs, investments in innovation and diversification but some are used specifically for new start ups with high growth potential.  In exchange for capital injection, the business would need to sell a proportion of its shares to the venture capital organisation.

www.bvca.com

In addition Jersey Enterprise is in contact with a number of Jersey based investors willing to consider making an investment in start up or established local companies.