Sources of funding for businesses

[Jassshhhhh]

Every company need to have a source of fund in order to function well and to expand. If you don't want to have a loan, then maybe seek help from your family and friends that are willing to lend you money.

 

[Samuel77]

according to my own point of view if someone is starting a business and does not want to take loan from the bank I suggest he borrowed from friends and family this article closer to you more I'm sure they should help you

 

[Sheun450]

etained Earnings. Companies generally exist to earn a profit by selling a product or service for more than it costs to produce. This is the most basic source of funds for any company and ...

 

[Heatman]

There are many sources of funding available for businesses zrsning from personal funds, retained earnings, ploughed back profits, then loan from banks and grants from government and donation from private individuals. the issue of funds should not be a problem for every business as it Must have been solved from the beginning.

I personally agree with you on this one that the best way to source funds for starting a new business should be done through personal savings because it's the best means that does not have any consequences in case the new business doesn't go well as planned.

 

[gbadebo9]

Source of funding business is in different ways. U can save money to start business may be through salary being contributed every month while others contributed through the works they are doing presently. We can borrow money through commercial bank with hope of established the company but the interests is the problems many ppl are moving away from borrow from banks. Even individual are ready to finance the projects it is good to get money from there too. We still so many way if mobilised money for business.

 

[Kinglegend01]

There are alot of ways you can provide money (capital) for your own business. You can get capital from your won personal savings.you can get capital by borrowing money from family and friend. You can also apply for loans from organizations.

 

[Afrinish]

Companies always seek sources of funding to grow the business. Funding, also called financing, represents an act of contributing resources to finance a program, project, or a need. Funding can be initiated for either short-term or long-term purposes. The different sources of funding include:

• Retained earnings
• Debt capital
• Equity capital

 

[Goodday]

There are many sources of funding a business apart from loans in the financial or banking institutions. The major one l would like to also talk about is the form of financing your business from your own savings or investment. Apart from that, you can also lend money from family members or trusted friends to start a business if your savings can't finance the business.

 

[Anas Chaudhary]

Sources of finance for business are equity, debt, debentures, retained income, term loans, working capital loans, letter of credit, euro issue, venture funding, etc. These sources of funds are used in a variety of ways. They are categorized by time, ownership and control, and from generation to generation.

 

[Mostee501]

The most commonly used and known sources of income include loans, grants ,partnerships etc.
The most effective sources of income may not depend entirely on the entrepreneurs preferences or convenience but on the current state of financial affairs.

 

[Adasun]

Family, friends and investors who welcome your idea

 

[Adeyoola7]

Angels are generally wealthy individuals or retired company executives who invest directly in small firms owned by others. They are often leaders in their own field who not only contribute their experience and network of contacts but also their technical and/or management knowledge. Angels tend to finance the early stages of the business with investments in the order of $25,000 to $100,000. Institutional venture capitalists prefer larger investments, in the order of $1,000,000.

 

[Hamza1999]

Micro-Loan Programs
Micro-loans are small loans given to small businesses and not-for-profit children centers that average about $13,000, according to the Small Business Administration. The maximum loan amount under the micro-loan program is $35,000. Micro-loans may be used as working capital or to pay for inventory, fund repairs and purchase supplies and equipment. Micro-loans are not to be used for paying off debt and purchasing real estate, the SBA notes. Borrowers of micro-loans are obligated to pay back the full amount of the loan, plus the accrued interest. The repayment terms vary depending on the lender

 

[Niolaxx]

You can source for funds from family members,friends or relatives,you can also get loans from bank or a cooperative,you can also use your personal savings or apply for grant but this is usually hard to get so it is better to use your personal savings or borrow

 

[Olubayo12]

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

There are many ways to fund your business... You have the option of personal finance, grants from fderal organization or private companies, you can also approach your bank for loan and overdraft. Also , you have the option or soaking with your family and friends

 

[solomonmali]

there are two main forms of financing available to small businesses: debt and equity. both covered here, as further types of funding. This guide will help you navigate these different sources of funding, the advantages and disadvantages of each funding option, including the stage of business they suit best.

 

[Mahnoor]

funding, or capital, in order to expand their businesses into new markets or locations, to invest in research & development, or to fend off the competition. And, while companies do aim to use the profits from ongoing business operations to fund such projects, it is often more favorable to seek external lenders or investors.

 

[Heatman]

The most commonly used and known sources of income include loans, grants ,partnerships etc.
The most effective sources of income may not depend entirely on the entrepreneurs preferences or convenience but on the current state of financial affairs.

Seriously, I wouldn't be very comfortable with raising the fund that I need for my new business through sourcing loans from banks or any other financial institutions because of the risk that are involved in it. I would be more at ease with going into a partnership because it's a lot safer.

 

[Nomad]

Whether you want to sar a small business or a medium business, your own saving is the best source for business capital. However, for a lot of people this is simply not possible, therefore, they look for better options. Second best option is borrowing from friends and family where you don't havebto pay interest.

 

[GunzAkimbo]

His own funds and saving is the best source of funding his business. Lending mpney is quite stressing in the long run.