Alternative Business Funding
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Phillip Said:
Are there websites like Prosper.com that allow financial companies to contact businesses seeking funding?We Answered:
I think you just hit the jackpot.This network attracts new and expanding companies who need funds all the time.
Debra Said:
what other forms of funding (stocks , bond, venture capital) might be logical alternatives for business and ?We Answered:
That really depends on your business and on whether you are just starting it or whether you have been running a sole proprietorship for a while. This is a good question to take to your CPA.Loretta Said:
Why does Hillary think that it is legal to steal profits from a privately owned business?We Answered:
I don't see many lib responses on here. I'm guessing this is nearly as bad as when Kerry called the military retarded.They got to all kinds of trouble to hide their true intentions and feelings. She just shouts it right out there. "I want to take a private corporations excessive profits." You and I know this is what libs want to do, but they go to extreme lengths to hide this from the average person.
Personally I say Thank you Hillary for having the audacity to reveal yourself for what you are.
Linda Said:
Courses for business management and alternative farming/agriculture?We Answered:
Check out http://www.rodaleinstitute.org. They have a lot of resources for people such as yourself and it is a great place to get started.Patrick Said:
What are some alternative forms of financing for a small business?We Answered:
I'd like to respond to Johnathon to this before I answer.Just because a company needs a source of funding, that does NOT mean they are struggling financially with their current setup. It may mean however, that they wish to expand their services and need some financial backing.
Anyway, back to the question at hand. There are many sources of alternative funding for small business. They all vary, depending on who your clients are, but I will list a few with a description for each.
The first option, factoring, is a practice wherein one company purchases a debt or invoice from another company. It refers to the acquisition of accounts receivable, which are discounted in order to allow the buyer to make a profit upon collection of monies owed.
PO Funding covers the supplier expenses associated with a specific purchase order. It enables you to make sales that exceed your current financial capabilities and provides a solid platform for growth. When used properly, purchase order financing can help you grow your company by enabling you to accept larger orders.
A Merchant Cash Advance, otherwise known as credit-card-receivable
funding, is an increasingly popular solution for small businesses looking for a flexible form of business capital. As use of credit cards grows as a form of payment at a greater variety of businesses, more small business operators are able to tap into a previously unrecognized form of capital: their credit card receipts.
So, to sum it up. Your three options are Invoice Factoring, PO Funding, or Merchant Cash Advances.
Hope this helps :)