To raise capital, some business owners resort to using credit cards. While there are huge drawbacks, there are also instances when it makes sense to use plastic in the short term.
Finance a Business
One possible source of financing a business is to use retirement funds. if structured correctly it allows for an individual’s retirement account to invest directly into their business venture without taking a distribution and paying taxes or penalties.
Families and friends are an important source of capital for many small and home-based entrepreneurs. However, borrowing from your kin is not without problems. Here are 5 steps to prevent unwanted problems when borrowing from families and friends.
Business loans can be defined as money lent for a specified amount of time at a specific interest rate to a specific person or people that operate a business or plan to operate a business. Learn what types of business loans are available to small businesses.
One reason that start ups end up failing is the mistakes made when seeking capital. Learn the top 7 small business startup money seeking mistakes.
Thinking of applying for a bank loan to finance your business? Know the criteria that loan officers use when they review loan requests.
While many people dream of being able to start a profitable home-based business, not everyone has the funds that are necessary to get started. If you have bad credit, here are alternative sources of financing that you can tap.
I would like to know how to find investors, sponsors and donations for a daycare, which will only be open Saturday and Sunday from 2pm to 12am. This daycare will be for the second shift parents that work and will accept only children under 10 years old. What are the chances that a business like these can attract investors?
I don’t have very good credit. What are my chances of getting a small business loan, particularly government loan, especially without collateral?
Finding capital when you are starting a business can be challenging. You may find that your only recourse is to use your own personal credit, and finance the business through your credit cards. Understand the risks of putting your personal credit at risk.