Crowdfunding for business

Crowdfunding

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.

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.

Innovative funding solutions

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
biggest supporters.

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.

Reviews

I have found Red Sky great to deal with. They are knowledgeable, professional and have been able to accommodate our requirements with what has seemed like ease.

James Brecknock

11:38 18 Mar 21

Excellent service, I was impressed by Andy's understanding of our business after a few phones calls and emails, very professional, highly recommend, thanks again

Martin Webster

06:00 21 Feb 21

Outstanding partner to our business, supporting and enabling growth in a simple, pragmatic manner. Highly recommend.

Simon Bollon

10:17 18 Dec 20

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.

Seyed Sarparast (Sami Kolak)

12:53 17 Dec 20

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.

Steve Gordon

16:08 05 Nov 20

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.

David Brooke

09:08 21 Sep 20

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

Emma Sayner

17:31 24 Aug 20

Martin was exemplary throughout the process of putting in place funding for our business. Everything was seamless and transparent, which is exactly what we wanted. Thank you!

Matthew

13:04 14 Aug 20

Peter was very helpful throughout the CBILS process. We faced a number of issues but he was always there to support us and point us in the right direction.

Steve H

16:08 20 Jul 20

Andy from RedSky has been amazing, help throughout the process. Very highly recommended

Alan Talib

12:08 29 Jun 20

Fantastic to deal with and helped us achieve what we wanted at a very busy time.

Danny Bullement

16:14 02 Jun 20

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.

Claire Summerskill

11:35 30 Jan 20

I have known Martin from Red Sky for a number of years and has been great to work with and obtain the results that we needed. Would highly recommend.

David Grabowski

11:10 26 Nov 19

Have worked with the Red Sky team for many years. Very professional and thorough approach. Always provide honest and constructive advice. Wouldn't hesitate to recommend their services.

Ian Atkinson

10:56 19 Aug 19

very efficient service easy to talk to and kept informed all the way along great service

Dick Lambert

10:45 15 May 18

Fast, efficient and helpful. Would highly recommend!

Lynne Hockney

11:28 12 Apr 18

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

India Mahon

12:11 17 Mar 18

Fantastic service, quick & efficient 1st class service & always on the end of the phone. Definitely recommend!!

Sue Robinson

10:50 02 Feb 18

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

Jamie Orr

14:12 31 Jan 18

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Crowdfunding