Starting a business in today’s climate is tough. Many start-ups need a good initial cashflow for all manner of different purchases and overheads. The risk incurred with this level of expenditure is the main worry for new business starters.
Outset Finance helps clients to understand that finance needn’t be something to be afraid of – just something to be carefully managed. By teaching clients how to run their finances, they are given the tools to overcome any challenges and build sustainable businesses.
Start Up Loans
As a provider of the government’s Start Up Loans scheme, Outset Finance is also able to offer low interest loans, closing the gap between client and support provider. Our team works with new clients to ensure that their business plans are de-risked, robust and well written. They are then shown how to present their business plans to potential funders.
While other loan companies offer money-only solutions, Outset Finance will match clients with a suitable mentor who will help them navigate any tricky problems beyond finance. They can also attend any of their local Outset workshops or log on to Outset Online for free access to video tutorials, business calculators, hand-outs and other resources. If a client doesnt meet our loan criteria, they are referred to one of many partner funder organisations including Community Development Financial Institutions (CDFIs), credit unions, high street banks and angel networks.
To date, Outset Finance has demonstrated excellent return on investment. For example, in Plymouth and Bristol, the programme has leveraged over £1,200,000 (and counting) of funding for clients through an initial investment of £400,000 by our regional and European funders.
Find out more about our Start Up Loans work on our Outset Finance website.