Funding outside the box
Setting up a new business can be daunting, but when you have experience with little capital and no equity it would appear impossible!
Not So. Recently we were approached by a young man opening a niche, city centre restaurant, who was looking for support to fund the catering equipment.
After discussions and sight of his business plan a personal friend with considerable resources came forward and offered to guarantee the transaction. We required them to seek professional legal advice concerning their guarantee and its implications.
The funding is now in place, the restaurant is open and the restaurateur and his friend are delighted to have found funders who believe in them.
Britain’s recovery and future are dependent upon entrepreneurs and small businesses. Armada should know, we have been working with them for 40 years.