An often overlooked but brilliant way to get money to start a business is through preselling to customers. When you have the business close to launch, you can ask customers to buy your product before having the product or service ready to sell. We worked with a company that rented products to college students
Read MorePeer to Peer or P2P lending is an fairly new option for small businesses to obtain funding. P2P lending bypasses the bank and directly connects borrows with investors through an internet based marketplace This arrangement serves a need where financial institutions would not traditionally lend. Interest rates are determined by the credit score of
Read MoreA merchant cash advance is a loan that is repaid using a portion of the businesses future daily credit card transactions. Instead of making one fixed payment every month like you would from a loan with a fixed amount every month, a merchant cash advance is repaid in daily or weekly payments, plus fees, until
Read MoreA business line of credit is a short-term loan, similar to credit cards or in some cases a home equity line of credit, where the lender provides a certain amount that can be borrowed and otherwise sits in an account until needed. Lines of credit are more practical for some businesses that are cyclical such
Read MoreAn often overlooked source of funding a business is through personal retirement accounts. Most people are not aware they can use IRA’s to fund businesses since most of the money made through IRA investing is through stocks, bonds, etc. There are two ways to access retirement funds and we strongly encourage utilizing the services
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