I need a loan to start my own golf cart business
2007-08-24 03:59:47 · 3 answers · asked by roderick404 1 in Business & Finance ➔ Small Business
banks are where the money is at, but there are also
venture capitalists and
angel investors
is this your first business?
if so, venture capitalists and angel investors can help in a big way by taking care of the financing of your business venture and letting you "get your feet wet" so to speak in the business world, but they also require a percentage of your profits to repay the loan. They are "investing" and betting that your business will be successful, so they become part owners of your business, which is the downside.
If you go directly to a bank, you'll need a business plan.
You can purchase the software that will allow you to plug all the variables in and the software will create the business plan for you. You also have to repay the bank, but probably not as much as an investor.
2007-08-24 04:30:24 · answer #1 · answered by endpov 7 · 0⤊ 0⤋
Surely bank
2007-08-24 04:12:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
a bank
2007-08-24 04:11:04 · answer #3 · answered by snwbm 4 · 0⤊ 0⤋