Q.
I need to raise £20,000 to get my business off the ground and have been advised to go down the bank loan route as opposed to giving up equity. Is it better to stick with loans for relatively low amounts of investment, or would an angel or private equity firm have more to offer?
Q.
I am starting a business and a friend is willing to invest some money but is not going to give up his day job - how do I formalise this legally and what are the issues I need to think about?
