When you want your business to continue expanding, you will often need investment to help you do this and ensure you have enough capital to expand. It is something that many companies struggle with as they are not sure what is the best method of raising the money needed to help grow their business and sustain its expansion. There are many ways your company can try to raise capital for it to grow, and the best one will depend on your type of business and how much funds you need to get. Below are some options to consider that can help your company raise capital, which can help take your business to the next level.
Consider The EIS Option
The Enterprise Investment Scheme, started by the UK government, is an excellent way to attract investors to your business if your company qualifies for this. You can visit the government website to see if you are eligible for this scheme which can offer some excellent benefits to investors. They can enjoy numerous ways of saving on tax, including capital gains tax, and they can also write off losses if the value of their investment goes below what they paid. Investors can also pass on this investment when they die without their benefactors having to pay any inheritance tax on the investment.
Look For An Angel Investor
You can also consider looking for an angel investor to provide the capital your business needs to expand and take it to the next level. There are many ways your business can attract a suitable angel investor, and there are many platforms you can use to promote your company and look for these types of investors. Some popular platforms you can consider using to help you find your ideal angel investor include:
- GC Angels
- Angels Den
- Newable Ventures
- Cambridge Angels
- Gabriel Investment Syndicate
You will want to select the platform that best fits your business and create an attractive profile to gain the interest of investors. With some creativity and patience, you can find the perfect angel investors for your business and help ensure your company’s success.
Consider Crowdfunding To Raise Capital
Crowdfunding is something else you can consider for your business to help you generate the funds you need to take it forward and expand your operations. You can use many crowdfunding platforms, such as GoFundMe, which can help you get the capital your business requires. However, you will need to consider what you will give investors in return, depending on their investment level. You can click here to get more information on how best to use this platform which will help you create an effective campaign to get the required funds and start growing your company.
Speak To A Bank
You can also consider the traditional way of getting money for your business and approaching a bank for a loan. Whether this is a suitable option depends on the investment required and what collateral your business has to secure against the load. It is not ideal for raising large amounts of money as the banks’ interest rates often make it not feasible for most businesses. However, it can be a quick and easy solution for smaller amounts of money to raise the capital needed for your business.