+
+

Friends & Family

Friends & 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 More
+

Sell Personal Belongings

Sometimes 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 More
+

Leasing

While 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

Read More
+

Seller Financing

If you are buying an existing business, seller financing can be an effective way to lower the amount of money a buyer needs out of pocket to take over. Instead of the bank providing all of the debt financing, the seller acts as a bank and holds some of the loan.  The buyer makes a

Read More