Tuesday, June 17, 2008

Funding - sources

  • Personal savings
  • Borrow from family and friends
  • Business partners and investors
  • Home equity loan
  • Small business loan
  • Credit cards
  • Suppliers (defer the payments to the suppliers)

The factors to consider are -
  • Where would you put the money to best use?
  • What is the cost to your business from this funding source?
  • Would you get the funding in time when you need it?
  • What is your repayment plan?

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