Sources of funding for businesses

[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

 

[Sammyesx]

There are several ways of sourcing for fund for your business the best being, self funding, money you've save Up, you can get a loan either from family and friends or from the bank, you can getf funding from investor, you can also gojb into partnership.

 

[Emma Aneni]

Here's an overview of typical sources of financing for start-ups:
Personal investment. When starting a business, your first investor should be yourselfeither with your own cash or with collateral on your assets. Love money. Venture capital.

 

[Ltherman]

In my little experience the best sources of raising business capital is usually personal savings, asking from family and friends, crowfunding is also an emerging platform for raising business capital, angel investors who are usually the first set of investors in your business, venture capitalist etc.

 

[Abigael]

Apart from loans, one can source funds from his own money. This could be from his savings or from selling something that is not in use anymore. You can also use the money you earn from your job if you have one. Another is source is donations from family and friends. You can ask them to help you start a business.

 

[Frank]

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

You can save up for a particular period of time and start your business using your savings. This is one of the safest ways that you can raise up funds for your business and doing this will give you time to work on what's best for the business that you want to start which is really good.

 

[Azhar119]

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

 

[mubinadaddy]

You can take mere job for a sometimes in other to raise money then you can also source money from your immediate family, associate and friends by presenti g your business plan to them and explained to them how you will realize your dream if been helped.

 

[Dorcey]

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

 

[Kehinde]

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.

 

[Onachukwu]

The main sources of funding are retained earnings, debt capital, and equity capital. Companies use retained earnings from business operations to expand or distribute dividends to their shareholders. Businesses raise funds by borrowing debt privately from a bank or by going public

 

[Asad Ali]

If you don't have a collateral, then your best approach is your own savings. And if you don't have those savings then another better approach is from the bank. People also make use of the parents or the relatives funding. You can also go for the funding from the patreon and the similar other online funding sources. Those can work out for you.

 

[Yewande]

There are many ways you can get funding for your business. First you can find a partner who is willing to fund the business and start it up. Or you can save and invest into your business. Or you can simply get a loan.

 

[Damscooguns73]

Concerning source of funding for business. Well , I believe there are ways an individual can source for money apart from collecting loan from the bank because I myself do not see it as a good plan. An individual can borrow from friends and relatives, you can see an investor who actually likes your business plan and willing to get you started on the business

 

[Quert]

Retained profits, debt capital, and equity capital are the primary sources of financing. To extend or transfer dividends to their owners, businesses use remaining earnings from company activities. Businesses collect funds by privately borrowing debt from a bank or going public (issuing debt securities).

 

[Alexandoy]

There is the so called crowd funding but it is more on raising funds for a project and not exactly a business. But you can also raise capital that way but it is not easy to get money from strangers. With family and relatives it would be easier if they trust you and if they believe in the business that you are planning to start up. For me, I would rather sell an asset like maybe a car or a lot that I am not using. However, I will only sell an asset if I am 100% sold out on my planned business.

 

[Ltherman]

The first equity in any business should always be the equity of the founding team. They can further expand their drag net to cover loans or open the business up for investment from other investors like venture capitalist institutions. If its a small kind of business then your best bet for capital will be your savings and loans from family and friends.

 

[Ayokex]

There several sources of funding new business some of which are: personal savings, help from friends and family, government or private organization grants and loan. I included loan in case there is no choice though it's always advisable to start a business with loan.

 

[iamgroot]

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

Many; family members, relatives, close friends, even friends just met on social media sites. You can earn enough capital for your future business plan, as long as you show them that you are serious about your business. They have a better chance of trusting you with the money they will lend you when they see you are dedicated to the plan you are developing.

 

[chicnthin]

A lot of people take loans from the bank as a source of funding for their business but I don't personally prefer it. Personal savings would be the best source of capital for me but if it's not available, I will find some friends who would be able to lend me some money.