It is important to establish a good working relationship with your bank manager. Present your business goals as clearly as possible in your business plan and be prepared for detailed questions on how you could guarantee a loan.
Other options at your local bank could include:
Overdrafts - short term finance that is used in conjunction with a current account
Leasing and Hire Purchase – real assets acquired without tying up working capital
Commerical Cards – competitive rates on credit cards
Invoice Finance – borrowing the value of projected future sales
Offers - Most banks offer a range of supports to start-ups, including: free banking services on certain account types; waiving account transaction fees; and access to professional advice