Register or log in to explore all our content and services for free on Admin Junkies.
These days when you talk to people about opening a business, they are always quick to tell you that it isn't advisable to start business with a loan. Where else will you get capital to sta
The best source of capital for your business should be money that you get from family and friends who are well to do but if you do not have welding family and friends then the next best step for you to get funds for your business is getting it from cooperative societies.I think you have to do some little things to raise money for a higher capital for a big business
You can get your source of capital from the bank or from friends and family this all depends on you where you want to get your Capital from.If you do not have money to start new buisness, then you need to take a loan from a bank where you are given a loan with low interest because loan interest has a lot of effect on any business, so you should take care of it.
Starting a business with a loan is not adviseable , the interest when repaying the loan always kills the future and the development of the business because you will be focused on paying back the debt.Yes it's not advicable to start a business with loans, because loan repayment can wreck a business with it's interest rate. You can get capital from personal savings, money from family and friends or you apply for Grant from government
The best source of capital for businesses that I will surggest is the one that comes from your own saving that you have made over time for the purpose of the business and not form taking of loans
Well I will just say if people will even borrow loan it shouldnt be from all these scams and official organizations, I always recommended family and friends
The best source of capital for business is from friends and family I would not advise anyone to go to the bank to get loan for business because of the high interest rate.Well, if it happens that you are not able to generate your capital by yourself from saving or getting money from your family and friends and will it then you have the last option to go and get loan from a bank to start your business.
Log in or register to unlock full forum benefits!
As a webmaster community we provide fresh content on a daily basis. We aim to be the best admin and webmaster community around. Discuss various aspects, promote your project, and learn to be better by fellow webmasters. Browse through our Articles for helpful tips and tricks.
By registering with us, you'll be able to discuss, share and private message with other members of our community.