What is the best source of capital for businesses

[kayode10]

The best source of capital for your business idea is true friends and family. these people should be able to raise some capital for you if they truly believe in your business.

 

[Setfragil]

The best source of business capital is your personal savings or the grants that you get from your family and friends. You can also get grants from the government.

 

[Kaffyfolla]

There several means of getting seed capital for instance you can use your saving to start business, borrowing from friends and families and the business needs to be expanded, I will have to sought for loan

 

[Alexandoy]

The best source of business capital is your personal savings or the grants that you get from your family and friends. You can also get grants from the government.

The savings is the best for the capital because it is your own money. When there are investors like relatives and friends that can also create pressure when the operation has started.

 

[jeff87]

Very true, that's why it is important to have business goals, when you do you'll start working towards achieving it by saving for your investment.
This will show other investors like even your friends and family how serious you are .

The best way to source out capital for your business is lending from your family relatives and friends. My sister planned to work in Australia and was helped from the pension of our father.

 

[Kelly5]

The best source of capital can only be the one that you yourself can generate for the business. You should strife for this option of sourcing for capital than thinking of going to get a loan from the banks

 

[Kubiat-Abasi]

One of the best sources of capital for business is; using your personal savings, borrowing money from close relatives, sourcing for grants or applying for loans with low or no interest rate attached.

 

[Skysaint]

One of the best sources of capital for business is; using your personal savings, borrowing money from close relatives, sourcing for grants or applying for loans with low or no interest rate attached.

Yeah, I do agree with you. There are really cool ways to look up to in getting your funds for business startup, savings being the best out of it. Taking loans should come as a last resort anyway, and one must be prepared for it

 

[Toyoabasi]

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

I am of the opinion that the best source of business capital should be one's cash or savings. Applying for government grants is another alternative when sourcing for business capital.
With these, you don't have to be bothered about losing your business in a long run.

 

[Heatman]

Personally, I will always prefer raising my business capital to use and start my business by saving instead of getting a bank loan to set up a business that I'm not sure he's going to succeed or fail.

 

[kayode10]

The best source of capital for your business is the one you get from the friends and family. You can have some of your family members or friends that can give you money to support you on your business idea. You don't have to look for collateral and the interest rate is not much.

 

[Adebayonle7]

You are right but i won't advice anyone to go for loans when starting business, you may end up using your profits to service the loan instead of re-investing the profits, no need to rush, you can get a salaried job that will enable you save some money thereby starting small or on an average note - this is the best source of capital (exactly what i did to start my small business)

 

[kayode10]

if you need a huge capital for your business it will be very good to go to financial institution to source for funds. You can make use of songs from family and friends to start up your business.

 

[Godspower]

The best source of money you can use to start a business if your own personal money. Whether it is gotten from savings or gifts from family or friends, such funds are non-refundable and they can help you to kickstart a business.

 

[Kaffyfolla]

Small Business Loans​

The Small Business Administration (SBA) has been established to assist business owners with their businesses. A small business loan through SBA partner lenders, while competitive, are guaranteed by the SBA and come with generally lower rates than traditional loans.


Small business loans are not the only form of government assistance. A source of capital often overlooked by entrepreneurs is government grants.

Government Grants​

The government offers grants through the SBA to entrepreneurs who have research-related businesses. The most attractive benefit of a grant is that it is free and you won't need to repay the government.

Crowdfunding​

Crowdfunding is a method of raising funds from individuals, using an internet-based platform. This method depends upon the generosity of people, and upon the exposure your crowdfunding campaign receives.


To have a successful crowdsourcing endeavor, you must be able to win the crowd's support. They'll want to know why you need the money and may want a reason to contribute. Create a reasonable monetary goal, and decide on a reward for the crowd that assists you. This could be public recognition for donations or letting them be the first ones to receive your product.

Microloans​

These are small loans designed for small businesses and startups. What makes these loans attractive is that they are short-term loans with low-interest rates compared to traditional small business loans.

Invoice Factoring​

Sometimes referred to as invoice advances, invoice factoring is a process where an entrepreneur agrees with a lender to sell their invoices due, and let the lender collect future payment by the customers.

 

[Hrtbeat]

There are many other ways of generating capital to set up a business. But I don't buy the idea of getting loans from the bank with huge interest being attached to it to start a business.

 

[kinqzbitz]

Getting a capital is very important when it comes to business and also it helps a lot when it comes to planning and organizing of things in the company and so it is very vital

 

[Stnicholaz]

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

As simple as that. If you don't have the resources to start a business it better to save and seek the help from family and friends. Most financial institutions don't give loans to startup they prefer to give to all ready established businesses because they are sure the loan and interest will be paid.

 

[ahmedo24]

As simple as that. If you don't have the resources to start a business it better to save and seek the help from family and friends. Most financial institutions don't give loans to startup they prefer to give to all ready established businesses because they are sure the loan and interest will be paid.

You're absolutely correct when you start your business from savings and support from friends and family it is far better and once you're grown can I take loan if necessary to boost your business.

 

[Skysaint]

Personally, I will always prefer raising my business capital to use and start my business by saving instead of getting a bank loan to set up a business that I'm not sure he's going to succeed or fail.

I do have same inclination just as you. Although those who take loans do see it as their last option but it's still better to save up because the real problem is actually not succeeding in that very business