• The Pros & Cons of Business Borrowing
     
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  • Three in five small businesses expect to grow their business this year – yet 22% say that the cost of finance is a barrier to growth, compared to only 10% a year ago.* 

  • Because finding the right finance can be difficult, we’ve created a simple guide to highlight what’s available and where to find it. We’ve also considered the pros and cons of each option, which might help you decide what’s best for you. Better still, we’ve put all that information in the one place – right here

    We’ll take a look at:

    • Government grants and investment schemes
    • Overdrafts, bank loans and credit cards
    • Borrowing from family and friends
    • Angel investors
    • Enterprise Zones
    • Crowdfunding
    • Using your personal finances
  • The pros and cons of business borrowing – let AXA Business Insurance help you find the right path.


  • Did you know?

  • The pros and cons of business borrowing – let AXA Business Insurance help you find the right path.



  • 45% of businesses cover shortfalls by relying on credit cards and overdrafts  
    A quarter of SMEs have turned to family and friends for financial support  
    Two thirds say guilt is the biggest disadvantage borrowing from family and friends  
    40% worry about cash flow and 32% worry about wasting money  
    Only 14% of SMEs will apply for funding to help achieve their goals in 2015  
    Over a third would like the government to make accessing finance easier  
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    *Federation of Small Business, December 2014
    1AXA Business Insurance survey conducted in three waves: October 2015 (300 UK small businesses), April 2014 (500 UK small businesses) and August 2014 2014 (350 UK small businesses)
    2AXA Business Insurance survey, January 2015 (297 UK small business)
    3Federation of Small Businesses (FSB), November 2015 (1782 FSB members)