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Venture capital question?


Venture capital?
Will venture capital banks require some capital to be put up by the business person or would it do to take out insurance/have it assit secured and could you name some venture capital banks.Thanks

Venture Capital Banks usually get involved after your Limited Company has reached a turn-over in excess of 拢1m and is looking for funds to expand and perhaps 'float' on the AIM. By that time, the business usually has sufficient assets to make the risk worth while.

If you are just starting out they will only offer you a Business Loan (at perhaps 8 - 12% Interest, if you are lucky, 12 - 18% if not) and they will insist that this is secured on your house etc. as well as making you personally responsible for the repayments.

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