Small Businesses Surviving The Crunch
A report from leading high street bank Barclays suggests that UK entrepreneurs are not being put off by the economic downturn, with and estimated 98,000 new start-ups businesses formed in the first quarter of last year.
Going it alone can seem a daunting undertaking for anyone, particularly would-be practitioners hoping to carve a niche in a extremely competitive markets, the financial services sector for example saw the highest number of start ups for any industry in the same period. For practitioners in the dentistry or medical sectors starting up a new practice may have particular hindrances, with equipment funding and other running costs to take into consideration. This, however, may no longer be the case according to a leading practice finance specialists.
The Managing Director of The Practice Loan Company, who specialise in providing practice loans and funding solutions for practitioners, says: “There are many options out there for would-be practitioners, with many unsecured business loans and business equipment financing solutions available.
“At The Practice Loan Company we are experts in finding beneficial finance packages for practitioners and are able to advise on how to start up a business.”
Although the number of new start-ups in this period, the last one for which figures are available, is not as high as the record-breaking business formation figures seen in 2006 and early 2007, it is encouraging to see that the wider economic trend isn’t affecting the UK’s smaller businesses as much as some might have predicted.
The Practice Loan Company are experts in providing practice finance solutions for a range of sectors, including accountants, architects, barristers, dentists, doctors and solicitors. With over 25 years experience they are well placed to help any would-be practitioner realise their potential with a wide range of practice funding services. From unsecured business loans and commercial property financing, to tax fundingg and equipment funding, The Practice Loan Company are able to support any type of practice and help them make the most of their business opportunity.
09/02/10
