Sources of funding for businesses

[Nomad]

There are different ways to source funds for your business, for example, your personal saving, money obtained from friand family, bank loan, angel investors, partnership, or crowd funding. Each if these investment methoda have advantages and disadvantages.

 

[Adexgrace]

Starting of business without capital can be very difficult because, it will require getting a means for the money. And since there is no capital such person can sell his or her property to raise capital rather than getting loan from bank which can be very difficult to pay back.

 

[EMMANUEL]

Another way you can source fund towards your business, in my owner perspective is by seeking assistance from a relation, but you must put the assistance rendered in a written agreement for references and future purposes, so as not to cause chaos or conflict towards the return of the fund rendered towards your business.

 

[Adesuwa]

When starting a business, your first investor will be yourself-either with your onws cash or with colleteral on your asset. This proves to investors and bankers that you have a long-term commitment to your project and that you are ready to risks.

Post automatically merged: Feb 2, 2021

When starting a business, your first investor will be yourself-either with your onws cash or with colleteral on your asset. This proves to investors and bankers that you have a long-term commitment to your project and that you are ready to risks.

 

[Nicklas22]

Your personal saving is also source of funds for your business
Your personal saving can go a long way in funding your business and it can be very good if you can save to start a business, it's better than taking a loan because you are not paying any money with anyone with interest.

 

[Ridorz]

For a person that wants to start a business and the person don't want to get a loan to start the business, the other I can say is that the person get raise funds from relative people (family or friends), the person can also get fund from government or the person can be saving money to raise a capital for business establishment.

 

[Bholozy]

There are various ways to fund a business if you are not taking a loan or you don't have someone to fund.. You can start a business with little fund you get from a previous job, get a little savings from it and you get to start from a little level before getting to move up to the level you want

 

[Succjay]

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

The only two options of sourcing for money without taking a loan is sourcing from friends and family. The second option is saving up for the business which might take a long period of time.

 

[Dubai]

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

If you do not want to take a loan, then you must have saved at least the capital for your intending business. Also, you could find your business by applying for some form of grants from the state or federal government. They could give you if you meet other criteria necessary for grant acquisition. Another means of funding your business is through fundraising. This can be achieved from friends, family and other associate that could be of help.

 

[joy101]

Starting a business without loan, you can save out money before starting a business that should be the best way to start up business, because it can be very difficult to collect money from friend in order to start up a business.

 

[zenith]

To me that loan is one of the quickest way to raise fund for business but if that is not possible you can use savings or contribution by family members that is if you are sure of that business so that you will not start giving them stories if it fails.

 

[Kamon c4]

There’re lot of other ways to source for capital for a business without acquiring loans. Fundraiser is one of the best ways to source for capital. Technology have made things easier now and you don’t necessarily have to do the fundraising physically. There’re some fundraising websites where you can open a fundme account and state its purpose.

 

[tuna89]

If you have an 8 to 4 job with good salary or wages, you can save from there and start a business no matter how small and according to your finance, do make sure not to put all your savings into the business, this method would prevent you from collecting loans leading to unecessary disturbances. All the best!

 

[Abbas ali]

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.

 

[singlej007]

If you are confident with the business you want to go into, and you have landed property anywhere I suggest you sell it, divide the money into two, look for another cheaper land and buy it with the half of the money, then use the remaining half to start up your own business.

 

[btaliat]

There are several was of funding business capital. But I still prefer saving and investment because you won't be at the mercy of anybody. But if you are sure of the success of your business, borrowing is not a bad idea.

Post automatically merged: Feb 2, 2021

There are several was of funding business capital. But I still prefer saving and investment because you won't be at the mercy of anybody. But if you are sure of the success of your business, borrowing is not a bad idea.

 

[Odebunmi ajewamiri]

When starting a business and you don't want to take a loan the best option for you is to have enough savings that could fund your business if it is a small scale business ,and if your savings can't be enough then you look for investors or partner with some one

 

[Ogbest]

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

There are many sources of fund when starting a business, you can borrow from a friend, you can get a loan either from government or from bank. If your family members are doing well, they can support you, no matter hw little it may be.

 

[GIFTMICHAEL]

There are many ways to fund a business these includes: self funding, loan, grants and donations.
It is very important that you fund your business by looking inward what you can afford.
In a situation whereby you are unable to fund your business you can write to well meaning people for help to fund your business.

 

[Richard92]

There are different ways on how you can find your business. You can fund your business from your individual savings that you have,you can also find your business by getting money from friends and families, or also from banks