Your business is likely to need a mix of different forms of debt during its development - but there are many different types of debt available.

Different forms of debt have their advantages for different aspects of your business growth plans. It is important to make sure you have the best product for your needs.

In simple terms, debt is an arrangement between a borrower and lender. You borrow an amount of money from a lender on the condition that you pay back the full amount borrowed. Interest is built up on the debt, which you would need to cover in your repayments as well.

This online video and guide can help you understand different styles of debt and how to apply.

Yes – if you are thinking about starting, or already run, a business in Scotland.

This is a free and impartial service. 

Any business based in Scotland. 

It takes 3 minutes to watch the video and 2 minutes to read the guide.

You can access further videos and guides in the series by following the ‘Next’ and ‘Previous’ links at the bottom of the guides.

Visit the Scottish Enterprise website to learn more about your finance options.