Sources of funding for businesses

[Setho]

When starting a business for someone who doesn't want to take a loan, what other funding options are there??

 

[Lyrrex]

When starting a business without a loan you can source funds from your friends, your family , relatives and loved ones

 

[Niftyyem]

You can seek out investors who believe in your ideas and have the financial capabilities to back you up. Or you can enter into a partnership.

 

[dogmatic_p]

The source of a business is of Paramount importance as it either give the business a good footing or a poor start.

 

[Abonyo Dickens]

Do you mean starting a business without loans yet you don't have money/capital to start. I guess your family and some of the willing friends can do that. Otherwise with investors, you'll have to sell your business ideas well.

 

[Peterlight]

If he can seek for help from other companies or get fund from government SME fund, they will give him fund for your business

 

[Nova]

If you don't have a collateral, then your best approach is your own savings. And if you don't have those savings then another better approach is from the bank. People also make use of the parents or the relatives funding. You can also go for the funding from the patreon and the similar other online funding sources. Those can work out for you.

 

[Seyesystem]

When starting a business which require enough capital so that the business can be successful as for me the best sources of capital for new business is from your personal savings, sell of you assets in order for you to raise capital or money that you can get from your relatives or friends. Why I said this is the best source of capital is because it doesn't attract any interest or high interest. You know getting loan from banks attract high interest rate and the interest rate may or may not effect the business.

 

[Adetayo100]

Here's an overview of typical sources of financing for start-ups:
Personal investment. When starting a business, your first investor should be yourselfeither with your own cash or with collateral on your assets. Love money. Venture capital. Angels.
Business incubators

 

[Yousaf3814]

Funding from personal savings is the most common type of funding for businesses. The two issues with this type of funding are 1) how much personal savings you have and 2) how much personal savings are you willing to risk.

 

[Joseph555]

You can source for money from family friends, like minded investors, brothers and sisters, corporatives with low or no interest rate. Nevertheless, you as the proprietor is believe to be financially stable and capable before starting up a business, in all you do, don't borrow or collect loan to start a business.

 

[Divulgence]

There are many sources of funding a business
Borrowing loan from the bank
Requesting for overdrafts
Borrowing from families and friens
Receiving grants from the government or corporate bodies
Savings
Shares and debentures

 

[Profuk57]

if you do not have me required money to start up a business of your dream and you want to start the business without taking a loan then I think seeking the help of friends and family is the best option if you do not have any of them then I think maybe you should sell your idea to an investor.

 

[Planet408]

It is either the person have someone to assist them with the money for start up or they do a smaller business to raise money with time. The smaller business could be any legitimate business you know in your location. It could be a mini restaurant business.

 

[Kelvin7656]

Here's an overview of seven typical sources of financing for start-ups:

• Personal investment. When starting a business, your first investor should be yourself—either with your own cash or with collateral on your assets. ...
• Love money. ...
• Venture capital. ...
• Angels. ...
• Business incubators. ...
• Government grants and subsidies. ...
• Bank loans.

 

[Jenny]

I think there are many ways to source a business,as an individual who wants to start a business,there must be an adequate way which he or she has in mind in sourcing for the business.
__Personal savings
__Bank loans
__Investment which has already yield returns
__Grant from corporate bodies

 

[Psalmsavatar]

I don't buy business ideas l. I do my things my way. A business idea conceived by me will be more accurately delivered than any other form of idea.

Post automatically merged: Feb 1, 2021

I don't buy business ideas l. I do my things my way. A business idea conceived by me will be more accurately delivered than any other form of idea.

 

[unhappy triad]

Here's an overview of typical sources of financing for start-ups:
Personal investment. When starting a business, your first investor should be yourselfeither with your own cash or with collateral on your assets. Love money. Venture capital.

 

[Yewande]

Well You can borrow from someone. But the sure way you can get money is by getting a loan or Grant. Getting a grant is more difficult than getting a loan. That's why a loan is readily available from different institution than a grant

 

[Ralphjoe]

You can utilize your personal savings, contribution from family and friends, contributions from credit and thrift societies, sales of assets like lands, houses or any other asset. These kinds of sources when joined together can raise a very huge capital for your business.