Personal Financial Commitment
The level and form of commitment necessary will depend on the scale and source of the funding requirement. Without a sufficient personal commitment to the business in an appropriate form, some commercial sources of finance will be excluded to you. The benefits of making a personal financial contribution include:
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Demonstrates your commitment
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Allows you to retain control
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Strengthens the balance sheet
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Is a prerequisite for many commercial funding providers
Businesses unable to raise the required personal equity can consider Friends and Family Funding and the Small Firms Loan Guarantee Scheme.
