SECURING capital for a business start up or for business growth can be a daunting but essential task for business managers in the equine industry.

There are many different ways of obtaining capital and it is important to choose the source that suits the needs of the equine business. One of the many methods of financing an equine business is to obtain a bank loan. Before attempting to secure a business loan from a bank, understanding how much money is required and how this money will be used within the business is key. The creation of budgets and financial projections to justify the need for the capital is an essential requirement of the lending institution.