In order to finance a start-up business, banks may require a guarantee from the Small Business Administration. Start up business loans are difficult to come by. If you’re not having luck with other sources, let’s dig in and start the process of winning a start up business loan. Continue reading »
ALSO why do VC’s provide financing at all I mean say you need money for your business and I give it and I want a 51% stake in the company as the venture capital firm but I am PAYING FOR THE WHOLE THING how does this help me?
I’ve always financed things with the local small bank as they give the best terms. There are now some finance companies backed with wall street money but their terms will be in between bank and VC firms.
The answer to your second question is purely R.O.I. or RETURN ON INVESTMENT. If a VC firm lends $50,000 that returns $25,000 a year to them, why wouldn’t they do it? They realize there are plenty of entrepreneurs out there with great ideas and they want to piggy back on your success. These people have money, but they need your ideas, and you’ll also be doing the work. They are just lending money, and they can’t make much lending it out in the traditional fashion like banks. If you start the next Yahoo or Google they don’t care how much money you make as long as they make it right along with you.
PostCategoryIcon Posted in business financing | PostCommentsIcon 1 Comment »
How to Finance a Business : How to Get Start-Up Business Financing
PostDateIcon May 3rd, 2010 | PostAuthorIcon Author: admin
In order to finance a start-up business, banks may require a guarantee from the Small Business Administration. Investigate business financing with tips in this free entrepreneur advice video from a professional business consultant.
Expert: Emily Gasner
Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs.
Filmmaker: Sam Lee
Duration : 0:2:34
I’ve seen on t.v. how credit card debt councilors work with banks when people owe a lot of money on their credit cards. They say they can not only reduce the amount owed but also get your monthly payments down to where they are manageable. How do they do this, are there any consequences such as a reduction of credit score, and is it effective (do they really do this or is it a scam)? Also, how much do they charge? Thanks. Continue reading »
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