Recession Looming Means Business Is Booming

Panic over the credit crunch has reached to UK mortgage lenders, with some of the top lenders withdrawing all ranges of their mortgage packages. Restrictions on lending are becoming more common place, so where does this leave small businesses and business start-ups looking for expansion?

Credit cards are an option with as many as 18% of small companies being funded in this way, however this is high risk and still leaves businesses owners without the business support they require - and is certainly no way to fund a serious business.

Angels Den, an online funding website has noticed a 10 – 15 percent increase in business Angels registering to the site since there have been widespread talks of a recession. This is due to a new gap in the market for Business Angels to provide funding for businesses where banks can no longer compete.

Co-owner of www.angelsden.co.uk, Bill Morrows, explains: “When looking for investment, there really is only one option that is both risk free and acts as a mentor throughout a business’ development and that is Angel Den. Angel funding offers financial support and the Angels that are making the investments will have the development of the business as their main priority, not like banks that would actually rather you didn’t make payments so they can swallow up your credit interest.”

While Business Angels may seem too good to be true, there are many pitfalls that businessmen and women can encounter when searching for one, not in the least they are hard to come across, which is why Angels Den was set up almost one year ago.

Angels Den is a unique website in that it gathers the latest and greatest business ideas in one place and presenting them to people serious about making equity investments in a user-friendly way. It aims to remove the stuffiness, ego and mystique surrounding angel funding, and get on with the job of matching brilliant business ideas to investors quickly and simply.

It is as risk free as it gets, a payment is made by the entrepreneur for £99, which then means that a summary of their proposed business is posted on the site for Business Angels to see. Unlike other investment websites, Angel’s Den offers secure viewing for Angels who have signed up for the site, which means that only true investors are looking at the opportunities on there and ideas can remain the intellectual property of the entrepreneur, until a business partnership is made.

Entrepreneurs have access to over 1,000 Angels on the site, many of which act on behalf of other angels, so the true number runs into the thousands. 17% of customers to Angels Den have found funding to date, which is ten times the national average.

Angels Den can be found at www.angelsden.co.uk

ENDS

For further information contact either Charlotte Jones or Kathryn Renshaw at Pazang on 0845 090 0171 or email charlotte.jones@pazang.co.uk