Business Loans Q&A
Romerey-dev Miguel added an answer to this question
Romerey-dev Miguel added an answer to this question
Ian Harris added an answer to this question
Top 30%
Accounting
There are a number of occasions when an unsecured business loan should be considered.
As a means of bolstering working capital eg you need to pay for some stock or continue to fund the operation whilst you collect some slow debtorsAs a means to acquire a critical asset for the development of the business ... expand
As a means of bolstering working capital eg you need to pay for some stock or continue to fund the operation whilst you collect some slow debtorsAs a means to acquire a critical asset for the development of the business ... expand
Brian Dorricott added an answer to this question
Business Loans
How can startups raise funds?
How do startups raise funds? What does the process look like?
2.69K views
Some stats for you. 88% of new business use the Entrepreneur's, family, friends, neighbours, etc. funds. 8% use Business Angels and 4% use Venture Capitalists.
Money from freinds and family is also easier to obtain since they believe in you. When you go to strangers, you are in sales mode which makes it challenging... always check out any grants that are available too (although they can come with reporting strings attached).
I'd only recommend selling equity (i.e. .to Business Angels and Venture Capitalists) when every other single avenue (including banks) has been exhausted.
