How to Raise Money to Start a Business (Part 1) Here are other ways to raise money for your business: Banks Banks can be your least expensive route to raising capital, as you can get loans that are just about 2 percent above prime. However, you would need assets or profitable and clean credit histories to avail of bank loans. In addition, some banks may require … [Read more...] about How to Raise Money to Start a Business (Part 2)
Finance a Business
A budding company or one facing major financial crisis can find solution to all its financial hurdles with Venture Capital. Unlike banks, Venture Capital firms are an important source of long-term growth capital. Venture capital firms and individuals are interested in many of the same factors that influence bankers in their analysis of loan applications from smaller … [Read more...] about What Makes You Eligible for Venture Capital?
Financing is often the biggest obstacle faced by people planning a home business. Initial expenses like setting up a home office, buying equipment and advertising all require money -- which, for the typical small start-up, can be in limited supply. The Small Business Administration reports that most home businesses are capitalized with an investment of $5,000 or less. … [Read more...] about Using Your Credit Card to Finance Your Business
Where do you find the necessary funding to seed a business, buy a new one, or raise additional working capital? Traditionally, business owners have used SBA loans, personal contacts, retirement distributions, credit cards or home equity to satisfy their funding needs. The biggest downside to these sources of financing is the accrued debt and corresponding payments. They can … [Read more...] about Retirement Plans as a Source of Business Capital
Families and friends are an important source of start-up capital for many small and home-based entrepreneurs. They are an accessible source of funds, with infinitely fewer hoops and requirements compared with formal lending institutions and formal investors. What could be easier than calling your Dad or your Aunt Melba or best friend Randy to lend you money for your business … [Read more...] about How to Borrow Start-up Capital from Family 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. This definition is very broad, but so are the various types of loans available to business people. Deciding on which type of business loan that you and your company will benefit from the most … [Read more...] about Types of Business Loans for Small Businesses
Small business start-up capital is a highly sought after commodity as more and more people are trying their luck at self-employment. Statistically, the odds of small business start-up success is less than 20% within a 5 year period. A large part of the reason for getting your loan request turned down, and the basic reason startups end up failing in large numbers in the first … [Read more...] about 7 Common Mistakes When Raising Start-Up Capital
Thinking of applying for a bank loan to finance your business or augment your start-up capital? To increase your changes for getting the bank loan, you need to know the criteria that loan officers use when they review loan requests. When it comes to loans, bankers are looking for answers to a series of questions that fall under five categories: character, capital, capacity, … [Read more...] about Six C’s of Credit: Bank Loan Requirements
Starting a home-based business can provide you with the flexibility and potential income that you need to live a more enjoyable life. 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 don't have the money that you need to begin your business, you may need to turn to financing to … [Read more...] about Bad Credit Preventing You From Starting a Home Business?
QUESTION ON Attracting Investors for a Daycare Business 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 … [Read more...] about How to Attract Investors for a Daycare Business