Crowdfunding is a relative newcomer to the world of finance, but has proved highly successful for many projects. When used effectively, crowd funding for business can be a fantastic alternative to traditional lending.
Crowdfunding for business
Whereas most finance works by raising a large amount of money from a small number of sources, crowd funding asks many people to contribute a small amount each. There are often simple rewards offered in return for contributions.
In the past, crowdfunding has been used to support community events and activities, artistic projects and the work of good causes. However, it is increasingly being used for business projects, often to great effect.
Crowdfunding can be used to establish a new business, expand an existing business, fund a new venture or develop a new service.
It generally uses the internet to engage with as many people as possible. Getting support from potential funders is key to success – they need to buy in to your plans and want to help you make them succeed.
Crowd funding often offers rewards to supporters. For example, a crowdfunded book publisher might offer signed copies to those who contribute a certain amount, or a crowdfunded restaurant may offer a free meal to its
Peer to peer lending
While similar to crowd funding, peer to peer (P2P) lending is subtly different. It involves loans being given via an online portal, for a wide range of purposes, but not usually with small contributions from many different sources.
The experts at RedSky can help you to identify whether P2P or crowd funding for business is right for you, compared to other forms of funding. We will then help you to maximise your chances of achieving the funding you need.
I suggest stop looking at your typical high street banks and try Paul straight away. Saved me lots of hassle and head ache and manage to get me a loan middle on the pandemic and 2% cheaper to the closest competition. His not your typical 9 to 5 office worker sometimes we were exchanging emails at 9pm he was always available to talk and not once we felt he wasn’t the right guys.
Paul at RedSky provided an excellent and friendly service to source and successfully apply for a loan for my client. Despite originally being refused a loan by their high street bank Paul managed to get us an acceptable alternative at good rates. - I would not hesitate to recommend Paul and his team to anyone looking for funding.
From the start of the process Andy was fantastic in arranging finance for our business. He kept me updated with progress all the way through keeping the stress levels to a minimum, even when he was on a weeks holiday. I wouldn't hesitate to use their services in the future.
Fantastic service from the minute we spoke to Martin Bell - personable pragmatic and he managed to get a great deal on our business development finance - wouldn’t hesitate to use again or recommend to others
Myself and my husband have been supported by RedSky for over 15 years in our Hi-tech engineering business and we simply couldn't recommend them enough. They will always go the extra mile and beyond and will only find a solution that is totally right for your business, never simply for their gain. Integrity is absolutely paramount for them. They are able to look at the whole of the market for your business solution and are at the forefront of everything that is happening in the business funding world and solutions for SMEs. They really do care about your business.
Gareth at Red Sky understood my business and my funding requirements quickly, he was a pleasure to work with and secured the funding I required. I highly recommend Gareth and Red Sky. If the need arose I would turn to Gareth and Red Sky without hesitation
Without Redsky our business wouldn’t of even got off the ground. Gareth was fantastic in putting our business plan together and doing all the paperwork. We can’t thank you all enough hopefully you can change our life’s. Thank you