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Knowing what type of funding scheme and how exactly to access it is one of the most traditional obstacles facing ambitious freelancers.
Bank managers are often the first call for the owner-led venture seeking to expand, but some entrepreneurs, particularly women, are more likely to consult friends or family.
Now there is a definitive online solution that comes with the reassurance of professional advice for those seeking finance, says the Institute of Chartered Accountants.
Under the group's SME Funding Adviser Scheme, owners can ask experts what type of finance is best - whether a term loan, a grant, a hire purchase or invoice discounting.
The innovative scheme works by linking firms puzzled about their financial options directly to the institute's members.
It's aimed at both enterprising types seeking to start-up and their more established peers looking to expand.
You can access the scheme via the Finance and Grants page on the Business Link website, or read more about the scheme, including the 10 different types of finance accountants will advise you on at www.icaewfirms.co.uk.
Jan 29, 2007
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