Sources of funding for businesses

[Seno inyang]

I prefer my personal savings for funding of my business because I hate to owe by borrowing loans.

 

[AirDima]

You can seek funding from family, friends or even from government or better still from investing.

 

[Kubiat-Abasi]

If you're not bent on applying for a loan, then the next option should be to use the money you've saved overtime or you source for grants.

 

[Partisan]

You can search for fund is from your family from friends I'm also from the bank but the best place to get phone is from close relation it is that will not disturb you for a refund and give opportunity to reach your target before disturbing you

Post automatically merged: Oct 21, 2021

The family, close friend and also the bank but you have to know that when getting cash for business must have the mindset of paying back because that's the only thing I'll make it before class and work hard because need to give all it takes for a business to work out

 

[CeeJase]

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

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

For all business that I have ever started, I have always sought for funds by saving them myself at least from other projects that I have and then use it to finance my new business.

 

[Godspower]

You can borrow from friends and relatives. They won't charge you interests on the money you borrowed neither will they demand for collateral like most financial institutions.

 

[Immilash]

I believe there are many ways to raise a business capital without seeking for any help from anybody.you can start working online and I believe you will earn enough to start the business of your dreams.

 

[kinqzbitz]

Well if you don't have personal savings then you can as well get help from friends and also you can get loans from banks and from that you can start up your business

 

[Skysaint]

Deciding not to take a loan is actually a nice decision as it comes with a lot of pressure and risk factors involved especially for startup so I would advise such individual to save up and use the money to establish such business.

 

[Laurentta]

Someone that wants to start up a business without taking a loan can use his or her personal savings, source from funds from friends and family. Open a go fund me account.

 

[Toyoabasi]

I prefer my personal savings for funding of my business because I hate to owe by borrowing loans.

Apart from obtaining a loan from any financial institution, one can source for funds by applying for grants, asking for contributions from family and friends or using personal savings.

 

[Hrtbeat]

It's not always on my mind to start a business with a Loan. I raised my capital through investors.

 

[greenie]

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.

 

[Swazykid4all]

You have the micro finance bank that gives loans for businesses, you can also use your own capital or also borrow from a friend or your colleagues at workplace.

 

[Shigobad2020]

There are many ways a businessman that doesn't want to start a business with a loan an go about it, he can just get grants, and also borrow from society and clubs , friends without having to pay back interest,

 

[HayKay]

You can source funds from friends and family; you can also seek for funds from angel investors; there are also means to get fundings from grants and people that have spare resources or cash that they want to put to work.

 

[Kaffyfolla]

There are several sources of funding for your business, including:

• Banks.
• Government-guaranteed lending scheme.
• Friends and family.
• Equity finance.
• Venture capitalists.
• Angel investors.
• Government grants.
• Own funds.

 

[Grandeur]

For one that intends to start a business but doesn't want to take a loan would be limited with fewer options which include personal savings, grant or donations from family and friends.

 

[Heatman]

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

This is actually why a lot of people don't feel comfortable making use of financial loan to start a business because of the pressure it invites to the business especially when they can't pay back the loan.

 

[tyrim88]

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.

One of the best ways to source for funds for your business,is to put out a very good presentation about the ideas you have about a business and how feasible the business can go,then the possibility of getting a nodd would be very high.