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In response to the economic challenges posed by the COVID-19 pandemic, the UK government announced an unprecedented £350 billion package to support businesses. This comprehensive plan includes business loans, tax reliefs, and grants to help companies weather the financial storm. Understanding how this substantial amount will be funded is crucial for businesses seeking to benefit from these measures and for taxpayers who are ultimately financing the initiative. Leading Business Services, one of the top insolvency practices in the UK, delves into the mechanics and implications of funding this massive support package.
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Starting or expanding a business requires a lot of effort and funds. It is often recommended that new or expanding businesses must refrain from utilising their personal funds for business purposes. So, most businesses turn to either debt financing or equity finance loans to meet their financial needs. Today, in this article, we will look at equity loans and how they can help your business in detail.
Ketan Kumar’s unique business plan helped him bag great success in a short time, that too without any financial assistance from a third party. However, to expand his business, Ketan is now seeking different sources of business finance. Like Ketan, if you too are an entrepreneur who needs funds for your business, then read on. Today, in this article, we will discuss different sources of finance for small businesses in India.
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