 Where Can I Get Money for a New Business? Almost all new businesses require finance to get off the ground. Unless you have enough money saved to start your business, you will probably need to borrow money either through the business or personally. Family or Friends One option which may be available is to borrow money from family or friends. Key questions to consider are: How will personal relationships be affected if it all goes wrong? Is there clear agreement on the terms of any loan/gift? Commercial Loans It is unlikely that a High Street bank or other lender would lend money to a brand new business without taking security in the form or a mortgage, charge or guarantee. So many entrepreneurs take out personal loans to finance their business ventures. Rising house prices in the UK have allowed many homeowners to borrow money against their houses, another option if the amounts are relatively small is to borrow on a credit card and, of course, there are other options such as unsecured loans from commercial lenders or even family and friends. As a rule of thumb, unsecured personal loans generally cost more than secured personal loans. | 
