Many people remortgage for one of two reasons: they either want to reduce their monthly repayments or pay off their loan sooner. While the latter would offer the small business owner significant benefits in future, the former provides a solid strategy to secure cash for crucial investment right now.
“Houses” by Charles Hutchins (CC BY 2.0)
When is remortgaging a good option for the small business owner?
If you feel it’s time to invest in your business and your current mortgage is coming to the end of its deal, it could be an opportune time to extract cash out of your property to inject into your company.…
If you have developed a business plan that you are confident will succeed, the only thing that may be standing in your way is securing the finances to put the plan in action. If you know how much funding you need and can identify what each dollar will be used, you can consider the benefits of looking for an investor to help with your startup. The benefits of working with professional investors can be a good idea if you know who the investment advisor is as a person.…
If your investors recently pulled out, or if your loans simply aren’t enough to cover your start-up costs, it may be time to get creative with your business funding. You may be surprised that there are many types of financing that you can take advantage of especially if you have a great credit history. Other than these, there unique ways for you to get the capital you need for your business.
1. Downgrade Your Lifestyle
You might be surprised at how much money you can raise from selling your home or trading in your vehicle for an older model.…
Funding is absolutely critical for any budding entrepreneur and new business. Unless you’re already a millionaire, your new business venture is going to need at least some funding, be it from external investors or from people you already know such as family or friends.
This post will give a brief overview of some of the forms of funding available for all you up-and-coming entrepreneurs.
A good, detailed business plan is the key to securing quality funding from good sources. If potential investors can see that you have a good business plan, they will be much more willing to lend you money.…
The thing about starting and running a business whether big or small is that, more often than not, you will need to look for finance to help you turn your ideas into reality. Here are some funding options you can consider…
1. Family and Friends
Classic and a bit cliche; however, I recommend tapping these sources first as they might be more willing to listen to and invest in your ideas and ventures. We are not suggesting you to borrow from them because you can take repaying lightly but you could request for a lower rate of interest.…
