Every year, millions of individuals go into business for themselves, some as a side-job and others as a full-time endeavor, hoping to begin a new financial chapter of their lives. One of the biggest challenges of starting your own company is obtaining enough funds to enter the marketplace smoothly. There are all sorts of ways to raise the needed capital. Some people borrow … [Read more...] about Can Anyone Get a Small Business Loan?
Financing a business is often the biggest challenge for any entrepreneur. The business needs adequate support to develop products, reach its target market and repay its costs. Without money, the business will fail. You can choose to use debt financing or equity financing strategies to get the startup capital your business needs. But which one is right for you? Pros … [Read more...] about Pros and Cons of Financing a Business
Lack of capital can often crush dreams of starting a business. Not everyone is lucky enough to be born with a trust fund or possess a huge bank account that could be used to jumpstart a business. Having the resources to start, manage and grow the business is critical to the success of any business. Without money, even the businesses with the best potential to be profitable will … [Read more...] about Common Myths on Financing a Business
QUESTION ON Buying a Business With Little Money We are trying to get funding for buying a strip club. We have no credit and no large sums of money, but we do have 19 years of experience. I am also a Vietnam Vet. Would SBA or private funding be our best bet? We need 1.3 million dollars to purchase a running club. Also is it normal for a consulting firm to charge $15,000.00 up … [Read more...] about Buying a Business with No Credit and With Very Little Money
In order to put up a small business that has a great chance of flourishing financially, you have to design a solid financial foundation for your business plan. Fortunately for financially-strapped entrepreneurs, there are some basic strategies you can take advantage of in order to raise capital for a new or current business venture, even if your bank account is not loaded with … [Read more...] about 5 Strategies to Raise Capital for a Small Business
An important source of financing for U.S.-based entrepreneurs is the Small Business Administration (SBA). The SBA provides short- and long-term loans to eligible, credit-worthy start-ups and existing small businesses that cannot obtain financing on reasonable terms through normal lending channels. Note, however, that SBA does not provide direct loans. Rather, the … [Read more...] about How to Get an SBA Loan