Another way to raise funds for a business you own a home are home equity loans. Many people will react by saying, “I don’t want to risk our home” but if you own a home with equity the bank will probably ask for a lien in order to make the loan. In either case your
Read MoreFriends & family are a popular way to borrow funds to start or grow a business, but there are some issues. Even though these people are close it’s best to treat the transaction professionally. All too often, borrowing from friends and family is treated casually and with that leads to resentment and a possible loss of
Read MoreSometimes the answer to your funding needs are you have to come up with more personal funds and that is not always a bad thing. Saving more money gives an opportunity to further refine the business idea and have more money in the bank which is important because things don’t always go as planned. Most
Read MoreWhile leasing isn’t a loan, it could be an effective way to reduce the amount of money needed to start or expand. Leasing allows the business to use machinery, vehicles or other equipment similar to how one would a rent, except over a longer term. A leasing company owns the asset but the business uses
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