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One of the most important steps in finding small business finance sources is to figure out how you are going to get financing for your new business venture.
Some People Self Finance Their Business By Using Their Own Money And Assets.
This way of financing your business is by far the most popular and the easiest way to go.
Some People Are Financed By Asking Their Family And Friends For Financial Help.
Asking for help from family and friends is the second most popular method to come up with financing for your business. With anything there are ups and downs. By taking money from someone else you may be at their beckoning call.
They may want ownership in your business or they may want to be a silent partner. Or they may just simply want to loan or give you the money to help you out.
Some Seek Assistance From The Small Business Administration For Help.
The Small Business Administration is one of the best places to start research on just about anything you need to know about starting a small business. They are one of the best places to find small business finances sources that are available for a start up.
They have a vast amount of services that can help you with the total process. They also have programs available to help you with small business loans. They can tell you exactly what you need to do to obtain a one of their loans.
Others Seek Financial Assistance From A Bank or Financial Institution.
Getting a loan from a banking institution for business start up is one of the most difficult methods of obtaining a business loan if you are new to business and have not attained a track record yet.
It is best if you are already established in business to obtain a loan from a bank for business. So I am not sure how good that is for start ups. It is possible to get one, but not likely in the beginning.
In a round an about way you can have a bank help you with financing your business by using your own credit card for business transactions.
Others Apply For Small Business Start Up Grants Or Some Type Of Government Assistance.
This is the “Most Wanted” method of obtaining money for business start up. Just imagine you have just obtained some type of small business start up grants from the government for $25,000 for your business venture and you don’t have to pay any of it back to them, Yeah Right...
This can happen to you, but chances are probably slim. What I am trying to say is the government really doesn’t just give money away for nothing. You have to have something that they can use.
For example; there may be a push for minority contractor for a specific service that they want. So you can bid on that contract. And you may or may not be the one that they pick for it.
Its not a simple process where you fill out some paperwork and automatically you a selected because you filled out the papers. Its not as easy as most people have come to believe.
Topic starter
Posted : 05/07/2010 3:01 am
Re: Business finance sources
Management or Corporate Finance in order to provide funding for corporate operations. Its objective is to maximize the company's wealth and its stock value, while balancing risk and return.
Posted : 07/02/2012 2:55 am
Re: Business finance sources
There are many traditional sources of finance such as your bank or wealthy private investors looking to put cash, and sometimes their own business knowledge, into a fledgling enterprise (this type of investor is called a business angel). However, these options are not always suitable, particularly if you have never traded before and may not have a credit history. Great writing !
Posted : 12/04/2012 3:04 am
Re: Business finance sources
Banks are like the supermarket of debt financing. They provide short-, mid- or long-term financing, and they finance all asset needs, including working capital, equipment and real estate. Banks want assurance of repayment by requiring personal guarantees and even a secured interest on personal assets.
Posted : 20/04/2012 6:06 am
Re: Business finance sources
The finance needs of a start up should take account of these key area set-up costs, starting investment in capacity, working capital, growth and development. As mentioned earlier, most start-ups make use of the personal financial arrangements of the founder. This can be personal savings or other cash balances that have been accumulated.
Posted : 21/06/2012 11:00 am
Re: Business finance sources
Lots of sources are available for business finance that can help to finance our business in effective way. Business loans, private finance loans, personal loan and credit cards loans that all are financial sources that gives financial support for business growth and development. Business loan is the best source for business financing according to me.
Posted : 07/03/2013 5:18 am
Re: Business finance sources
One should go with trust able finance firm for financing up the business. Alot of sources are available in market to opt for....
Posted : 03/04/2013 5:13 pm
Re: Business finance sources
It is best if you are already established in the business to get a loan from a bank for business. So I'm not sure how good it is for startups. It is possible to get one, but probably not at the beginning.
Posted : 23/04/2013 12:52 pm
Re: Business finance sources
Lots of several types of sources are available for getting a finance support for business. Business loans, private finance loan, franchise business, partnership business, investors and other lots of sources are available to get a finance for business and do business without having finance.
Posted : 30/04/2013 12:25 pm
Re: Business finance sources
Management or Corporate Finance in order to provide funding for corporate operations. Its objective is to maximize the company's wealth and its stock value, while balancing risk and return.
Posted : 04/05/2013 5:14 am
Re: Business finance sources
It is best if you are already established in the business to get a loan from a bank for business. So I'm not sure how good it is for startups. It is possible to get one, but probably not at the beginning.
Posted : 08/05/2013 12:43 pm
Re: Business finance sources
I always prefer to use your own money for any new business but a condition there, you don't need to invest in the business there risk factor is high, if it is then you can prefer to loan.
Posted : 14/06/2013 8:49 pm
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