Ideal ways of borrowing money for business apart from loans

[cherry123]

I'm no advocate of taking loans for business especially for a startup. What are the best or ideal ways of getting money for a business

 

[Shavkat]

Aside from bank loans for business, a businessman can borrow money or capital from a lending agency. In my country, lending agencies are numerous and can make a person loan but it needs to give a capital.

 

[Sanjeev]

I am also against taking loans from the bank. I will prefer to borrow money from a friend or a relative and check if I have to give less interest on the borrowed money.

 

[rubesh]

. Crowdfunding: This can be done through websites like Kickstarter and Indiegogo.

2. Angel Investors: These are wealthy individuals who provide capital to entrepreneurs.

3. Venture Capitalists: These are firms who provide capital to entrepreneurs in exchange for equity.

4. Small Business Grants: Various organizations and government bodies provide small business grants.

5. Family and Friends: This is the most common way of raising capital for businesses.

6. Credit Cards: This can be a good option for short-term financing needs.

7. Line of Credit: This is a type of loan where you can borrow up to a certain limit and pay interest only on what you draw.

 

[eldavis]

Instead of taking loans you can opt for borrowing from your family and loved ones, or i have heard some people talk about crowd funding, though i do not think this option still exist though.

 

[cherry123]

I sgre with you I believe it is best option so Instead of taking loans one can opt for borrowing from your family and loved ones it doesn't come with interest

 

[Springtime]

If you do not want to borrow money from banks or lending institutions, you may consider getting investments from angel investors or venture capitalists. You may check out if you are eligible to apply for some government funding.

 

[IB D]

Crowdfunding is the best way to raise money for business apart from loans. At least, with crowdfunding, you won't be under pressure to repay.

 

[Heatman]

I'm no advocate of taking loans for business especially for a startup. What are the best or ideal ways of getting money for a business

The best way I believe that you can actually raise money to start your business is for you to save the money by yourself or get financial support from your family members.

 

[cherry123]

it isn't always about getting loans from banks I think may not worth your time because of high interest. better save the money by yourself or get financial support anywhere

 

[Bisolami]

I'm no advocate of taking loans for business especially for a startup. What are the best or ideal ways of getting money for a business

I am also not an advocate for taking loans because my mind will not be at rest

 

[jetsaints30]

Aside from bank loans for business, a businessman can borrow money or capital from a lending agency. In my country, lending agencies are numerous and can make a person loan but it needs to give a capital.

Thats true lending agencies can provide an alternative source of capital for businesses but its important to research and compare the terms and conditions of different agencies before borrowing.

 

[cherry123]

Peace of my mind is priceless to me. taking a loan will not allow one to rest. so it is not good to depends on loans especially the ones with higb interest

 

[Bisolami]

Peace of my mind is priceless to me. taking a loan will not allow one to rest. so it is not good to depends on loans especially the ones with higb interest

This is the same as me and that is why I don't buy things when I don't have the money. I will rather buy it when the money is ready

 

[nomad]

Whether you burrow from an individual or from an institution and if you are required to pay back with interest that will be a loan. If you do not have to pay interest, they will also be classified as a loan as you need to pay back the principal.

 

[Bisolami]

Whether you burrow from an individual or from an institution and if you are required to pay back with interest that will be a loan. If you do not have to pay interest, they will also be classified as a loan as you need to pay back the principal.

I always borrow one of my friends my money and I sometimes take principal whenever she gives it to me but I do not always request for it

 

[Stardom22]

I think you can get the capital for your business by being granted some money from your family members, relatives friends and neighbors. Also personal savings can serve as a great source of capital.

 

[Starmix]

It is risky to apply for a loan for business capital. Those who plan to file for a loan, see to it first that you already acquired the business permit, and that you already paid the building in advance usually 2 months advance and 2 months' deposit. Check your list of the products you will display and after doing all of them, that is the time to apply for a loan from a bank or loan agency.

 

[Heatman]

it isn't always about getting loans from banks I think may not worth your time because of high interest. better save the money by yourself or get financial support anywhere

The conditions some banks will have to force you to go through before they will be able to borrow you the money you have to use in your business is something that you not even want to get into.

 

[Bisolami]

I think you can get the capital for your business by being granted some money from your family members, relatives friends and neighbors. Also personal savings can serve as a great source of capital.

Some people are always shy when it comes to them asking other people for money and I think it is a normal thing