It can seem impossible to get a fair result when you are battling a financial issue alone. But never fear! The AOL Money Fixer is here to help.
I have an idea for a business venture that I think has the potential to be really successful.
However, I do not have the funds available to start the business on my own. I have only recently finished a distance learning course and am currently unemployed, so I doubt I will get a loan from a bank.
What is the best way for someone in my situation to get investment to start a new business? I would be very grateful for any advice you can give me.
P Evenson, Worcester
Dear Mr Evenson,
It may well prove difficult to get a bank loan approved for your new business, especially if you do not have an income at the moment.
Most banks offer small business loans of up to about £25,000, some of which come with six-month repayment holidays to allow you to get going before you have to start paying them back. But to qualify you will need a good credit rating and a solid business plan.
Taking the time to work out a business plan will also give you a better chance of success, both with the banks and in business in general.
Another financing option is to look into is crowdfunding, a relatively new way to raise money for a project by attracting investment from other individuals.
To be successful, you will need a strong pitch, a reasonable target and ideally the support of a few friends and family who are willing to pledge a small amount, say £50, towards your cause to get you started.
You can find out more about crowdfunding by visiting websites such as Crowdfunder and Seedrs.
Whatever your financial problem, write to firstname.lastname@example.org and The AOL Money Fixer will get on the case.