As a UK business requiring Finance, you really should explore as many options as possible rather than just settling for your bank. Firstly, Black/White Browns Cap if you use your bank facility, that is it. You have used your single most important facility available to you right at the start. You should leave your bank facilities completely alone until you really need them, then you can fall back on them on a rainy day.
There are plenty of specialist funding lines out there who are as cheap, if not cheaper than your banking provider, so it's always worth getting a few quotes to ensure you
Shop around brokers - there are many brokers out there that compete for the business. Most of the them have access to the same pot of money made available to them by the funders, so it's simply a case of whoever can provide you that money cheapest gets the business. Various brokers specialise in specific industries and as such have better contacts, so do your research before contacting them. Alternatively, try using a business finance comparison site to help you get the Black/White Browns Cap best finance deal for your business.
Ultimately, shop around for your business finance. Just like personal finance there are plenty of good finance providers out there, and by using them instead it keeps your banking facilities open in the future for when you might need them for more important things.
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