How to get funding for your business

When starting or growing a business, getting hold of funding is often a key step. It can help you turn an idea into a reality. So it’s really useful to understand how the process works.

Loans, grants, and crowdfunding all have their advantages, but the small print can be hard to navigate.

In this guide, we’ll explore how you can find funding for your business.

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Understanding your finance options

Business finance options generally fit into three categories:

  • Grants which you don’t need to pay back.
  • Loans which you’ll need to repay later.
  • Investors where you sell a stake in your business in return for funding.

However, even within these three categories, you’ll find variation. Here are a few common ways to achieve funding for your business: 

Which is best for my business?

Grants, loans, and investments could all be useful ways to help your business. When it comes down to it, there’s no single best option for everyone. Certain funding methods may have their advantages, but they may not always be the right choice for you. 

Creating a detailed business plan can help you clarify your capabilities and ambitions. It’s also a great tool to understand your investment options.  

If you’re looking to get your small business off the ground, the Ulster Bank Accelerator is here to help. Our free programme is designed to help entrepreneurs scale their businesses to the next level. 

Find out more and register your interest today.

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Business funding FAQs

Related content

Want to know more about the different options available when it comes to business borrowing and saving? Take a look at the rest of our guides:

How can I borrow money to start my business?

How do business loans work?

Compare Ulster Bank Business Loans and Finance

Contact us

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