Small business loans through a bank. Or depending on the business you could have share holders.
2006-07-01 02:03:02
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answer #1
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answered by Kali_girl825 6
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I believe with my little experience funding can come in two ways Bank loan or recapitalisation by inviting another partner into the business, i will also highlight a few issues which are both positive and negative about the two, Bank loans are good and far more stable and intrests rates are usually fair especially if your debt management skills are good and your business plan really does pull through providing the calculated rewards, i however advise people to try involve a partner instead of a bank because with a partner comes both capital and skills and skills thats an added value for a bank usually the advice they offer you is unlikely to be as beneficial as the new partner, a partner will usually go down with the business unlike a bank that will foreclose on assets should you fail to pay back, another source of funding since you are a small business i have been informed governemts offer grants to small businesses provided your business plan is of a reasonable standard, as a business person do not be afraid to involve others in your ventures for they may provide far greater support than a bank can whatever you decide its your passion.
2006-07-01 02:19:43
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answer #2
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answered by 3points 2
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To get started, I suggest contacting the Small Business Administration Financing Page (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* Free Money for Small Businesses and Entrepreneurs by Laurie Blum
* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish
* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-07-01 04:48:16
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answer #3
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answered by TM Express™ 7
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Your best bet is to write a comprehensive business and seek investors if they think the plan worthy. Investors should be people who know you and believe in your plan. The SBA has a fairly easy to fill out application. The is a worth while source also. Most communities have economic development funds or enterprise zones. All of whom will possibly assist.
Banks almost always will secure your loan against your finances. This loan is made on the basis of your net worth- and most often is against a home. I do not often recommend that method.
2006-07-01 02:12:13
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answer #4
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answered by hope 2
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Funding for? Start-up? Operations? Building?
2006-07-01 02:17:34
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answer #5
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answered by Anonymous
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depending on our need
1 > equity : yours or family...
Yours cold be sweat quity ...(a value given for your inputs)
2 > Bank loans...
3 > Supplier credit : or : buyer advances ...
Normally it is breaking the need of funds into small
chunks that one can then generate small sweat equity to meet the need for cash ...and start a cash flow from there...
2006-07-01 03:21:28
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answer #6
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answered by plasticmoulds 2
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WELL , FUNDING OR FINANCE IS MAJORLY OF TWO TYPES THEY R INTERNAL ND XTERNAL.
INTERNAL IS VN THE ENTREPRENEUR USES MONEY FRM HIS OR HER OWN POCKET.OR USES MONEY FRM HIS /HER FAMILY A/C.
XTRNAL IS VN HE/SHE APPLIES TO A BANK FOR LOAN [ HE/SHE HAS TO GIV A DETAILD REPORT OF THE THOUGHT PROJECT.] BANKS LIKE ICICI ;IDBI ;IFCI DOES SO.
EVEN THRE R INSTITUTES DAT GIVS LOANS TO BUDDING ENTREPRENEURS.LIKE IIED ;NIED, ND MANY MORE.
HOPE MY ANS IS OF SOME USE TO U.BYE.
2006-07-01 02:33:30
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answer #7
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answered by tins 1
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there are many ways
check ot prosper.com
the loan you money from an individual not a bank
Credit lines??
go to
orchard bank.com or capital one
2006-07-01 12:03:23
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answer #8
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answered by Scanless1999 3
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