Sources of finance
Finance case studies
Kimberley launched RIOT, a platform to match creative talent with clients, with help from the Wandsworth Business Loan Fund. She said:
“When we moved to Tooting, the business moved with me. There seem to be more and more entrepreneurs emerging in this area, so it feels like a good place to be. I was invited to a private reception by the Mayor of Wandsworth for high growth potential entrepreneurs. This was a great event, with some exciting people with really good ideas, and it was there I heard about the Wandsworth Business Loan Fund.
“The finance made a huge difference as we were able to make significant progress and reach a point where we’re ready to launch.”
Visit RIOT for more information.
Tooting-based charity Business Launchpad offers free, practical and personalised business guidance and support to young entrepreneurs aged 16-30.
Little Linguists Nursery, a French bilingual nursery, was started by mum and up-and-coming businesswoman Daniella Goodman. She was helped by Business Launchpad advisor Sarah.
"Sarah helped me strengthen my ideas and encouraged me to plan my strategies and make contingencies for unexpected hurdles. My recommendation to all new entrepreneurs is to believe in your dream, plan well and never give up. It has taken me many years to get to the point of opening my business, but the word 'no' should stimulate you to find a different way to get to 'yes'.
Allana has set up her own performing arts company, STL London, after getting help from Bright Ideas Trust. Alana pitched to Margaret Mountford of Apprentice fame, who recommended her business idea to the trust. She then put together a business plan and cash forecast, presented them at another pitch, and was given a £5000 start-up loan.
"My hope for the future is to have a company that has developed and grown into a well-recognised establishment. I want to eventually have my own performing arts academy that focuses on helping those less fortunate achieve their goals."