Business Funding Sources

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There has been a lot of debate recently regarding Business Funding Sources, and it is therefore critical for you, the reader, to grab all of the information that is out there on the vast topic of funding. Your funding can have a huge impact on your future, so don’t procrastinate any longer. Read up on Business Funding Sources today!

Debbie Said:

What sources of short-term funds would a new business owner be most likely to count on in trying to grow?

We Answered:

Depends on your business but personal credit and family are pretty much the only answer for cottage industry or home business types. If you have a business plan and you meet certain criteria you may qualify for an SBA loan. If its a huge idea get started making some money, build momentum, then look for private money.

Jesse Said:

Looking for sources to find business owners who need Equipment Financed for expansion/upcoming needs?

We Answered:

you can try advertising in different publications.

Julie Said:

I am a disabled American seeking funding to purchase an existing business. What sources are available to me?

We Answered:

I'm also a disabled American. Contact me and I will share what little knowledge I have. puppets48744@yahoo.com

Randy Said:

What are the Benefits and risk of a new business using multiple sources of funding?

We Answered:

As I see it, having multiple sources for working capital can be very beneficial. For example;
1. Your own savings (not borrowing)
2. Bank "Line of Credit" (with limits)
3. Family and friends provide loans
4. Investors (but they usually want an ownership interest)
5. Equipment leasing
6. Factoring (using invoices to accelerate cash flow)
7. Purchase Order funding (usually coordinated with factoring of A/R)
8. Commercial loans (liens of real property)
9. Advances against future sales
10 There may be others unique to specific businesses
Combining any of these can be useful but if abused (over extending what the revenue of the business can safely support in payments) could be a financial disaster and make recovery and or growth difficult and sometimes impossible. Be cautious and seek the help of your accountant or other professional advisers.

Albert Said:

Finding sources of seed funding for my start-up business?

We Answered:

You should prepare a business plan and go see your bank manager

Or apply to BBC2's show 'Dragon's Den'

Business Funding Sources

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