For most entrepreneurs, funding sources needed them most. Here is a quick look at the most widely available sources of funds for raising money for a new or existing business :
Personal Savings: The emphasis here is on setting money aside in advance to finance your business. You can think of at least three people, such as the clever little squirrel hide seeds, regularly put something aside to fund their start-ups.
Advantages: Time to fully plan, and maintain full control of your company. You can get more information about the crowdfunding promotion agency via internet sources.
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Friends and Family: Yes, you can ask them to lend money, but loans require payment, even if your business fails. A better way is to combine business and offer them the same opportunity to buy shares in your company. Each will have a small piece of it, but no payment was required. A lawyer should help with the details.
Bank Loans: For most new and small businesses, because they have limited assets for collateral, these loans require employers to personally guarantee repayment – a fixed amount every month – regardless of what happens to the business.
Line of Credit (LOC): Different from traditional bank loans, entrepreneurs can again be held personally responsible, but money became available over and over. Example: A $ 24,000 LOC paid at $ 2,000 per month. At the end of six months from the payment, the owner of the LOC was again able to have access to the $ 12,000 he was paid. LOC full amount becomes due at the end of an agreed period.