British Business Bank launches new ‘Making business finance work.
Posted on in Business News
The British Business Bank has launched a new guide aimed at smaller businesses to help them understand how different financial products can support them at all stages of their development.
The new guide, ‘Making business finance work for you', available on the British Business Bank's online Finance Hub, is designed to help businesses make informed choices about accessing the right type of finance. It highlights the most common challenges businesses might face and the types of finance that could help to meet them including:
- Starting a business – Starting a new business often requires capital – money that is used to help research a business idea, create a prototype product, or purchase equipment or machinery that a new business will use.
- Research and development – Research and development (R&D) is when a business develops innovative products, services, or processes.
- Importing and exporting goods and services – Businesses selling goods or services overseas face risks when it comes to cash flow and receiving payment from buyers.