Advice on lending for business expansion.

[LT0109]

Hi,

New to the forum, seems a great place to share advice and tips on business! I was wondering if anyone could offer any advice on funding.

I have a new company, (launched 9 months ago) I'm currently running it from home, selling over the net. However, the company has a great potential to grow quite quickly. However, it needs the finance to really get this opportunity of the ground.

Current situaltion is: Sell through the company website and we have just launched a reseller program. We are currently getting our supplies form America but with the site beginning to get noticed and our reseller program launched, we are looking into importing direct from the Far East to increase profitability.

The company needs finance for the stock initially however as I run this from home, we have to look into storage premises.

So we need a loan for:

Importing Stock
Warehouse
Marketing
Taking on Staff

However, my situation isn't too appealing to a lender. I live at home with parents. All the capital I had has already went into the business therefore I cannot offer any more money to meet with the lenders amount.

I was hoping to approach Scottish Enterprise or The Princes Trust first as I am within the age bracket to recieve their help.

Has anyone had any experience with this? Can you offer any advice?

I know I need to get together a sound business plan and accounts, is there anything else I should prepare?

*(accounts are definately not my strong point so if anyone could recommend an accountant who can help me set up the company accounts to present to lenders, it would be greatly appreciated)

Sorry, that turned out to be quite a long post. Hope you can offer advice.

Thanks

LT0109