Looking for alternative sources of finance?

So you’ve decided to forego the banks and seek an alternative type of funding for your project – but what steps can you take to help ensure that your venture is a success and that you secure the backing you require from trustworthy individuals?

Here at JMW we don’t just offer advice to people setting up their own alternative lending companies – we are also on hand to give those looking to borrow money and secure funding tips and legal advice on how to make the most out of the opportunity.

To discuss your options call our team of legal experts today on 0345 872 6666.

Your funding options

If you are interested in alternative lending structures as a financial alternative to traditional banks you have plenty of options. Some options, like crowd funding, are popular for not-for-profit ventures, whereas others are more suitable for community projects.

We can help you decide on the best course of action for your goals. Lending options available include:

  • Peer-to-peer funding
  • Crowd funding
  • Social enterprise funding

Hints and tips

If you are considering alternative funding options for your venture then there are things you can do to boost your chance of securing the cash you need, regardless of which route you choose.

These include:

  • Defined, measurable parameters to your project – people won’t invest in vague ideas
  • A realistic budget, showing investors you have really done your homework
  • Timeline of goals

If your backers/investors are going to receive something in return for their investment, set out clearly what this is and when they will receive it

Once funding has been secured you should provide your backers with:

  • Regular updates – consider setting up a page about your project
  • Social media contact through Facebook or Twitter
  • Transparency – if your project has stalled for whatever reason then be honest with your backers

Talk to us

For a detailed discussion about your options call our team today on 0345 872 6666 and let us help you put together a bid for cash for backers looking for alternative lending investment opportunities.

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