What ways to raising funds for my business??

Question

This is not a guide on how to prepare a business plan. Instead, where to find funders, what kind of funding to seek, what funders are thinking when they consider each application so you can best prepare your request, how to match up the right kind of financing for my needs, and how to protect yourself in the process.

Answer 1

It depends if you want a revoling credit line, a loan, or just a lot of money. For the ultimate in protection, get an unsecured loan. That way if you go belly up, you don't have to pay or give up any assets. If you want the cheapest money around, find a broker and short sell Treasury Bills, you pay the lowest amount of interest 3.5%-4% but good luck finding someone to help you if you are short on cash and assets.

Banks are looking for the ability to pay back the loan, so current income and liquid assets are a plus!