What is the best way to get money to start a new business (besides bank loans?)
Ebay, if you have any stuff that you don't need ebay is a great way to make some quick cash. Also you could ask your family members if they have some stuff they have in their shed their looking to offload and offer to put on ebay for them and take a small commission.
Also you could flip some websites, you don't need any start up capital just some time to develop the sites themselves then sell them on Flippa.
If your idea and your business model are solid, find some investors.
Your chance of getting a loan from the bank, especially now, is bad unless you have excellent credit. Credit, of course, is not paying 30 days or more past the due date, keeping up monthly payments, and not blowing off your payments totally(defaulting). I have heard that the SBA does loans, and there are things called micro-loans out there for people who are trying to start new businesses. Have you tried networking? Good luck!
Have somebody else, who already has established credit, get a line of credit in their name. Then sign a legal document that you will pay back the money to them (not the bank) over a period of time. They then pay the bank plus the interest rate and pocket a small profit. No handshake agreements here. This must be legal and binding. But the secondary borrower never deals with the bank. There are people who will do this (besides parents or friends), and oftentimes they charge a higher rate of interest than a bank because the borrower is high risk. And, yes, they should pocket a small profit from this for taking a chance on a risky borrower. In the meantime, you get the seed money you need. Beware of loan sharks.
Visit India and stand near Govt Regional Transport Officer and see business on road earning Rs.3000 per day.
Any other place will be even a post office.
Why not create a simple business plan and have an informal lunch and put the proposal forward to your friends and family. They are the closest to you and if you have something which is worthwhile in investing..why not.
Of course there will always be risks involved but believe me when I say you can lose $100,00o of your fathers money not the bank!!!!
In all honesty, you can go a few different routes here as some other have listed below. Initally, start with a business plan and make sure that it is solid. After getting that done, do your best to figure out your real costs to operate this business. Although you may be over or under, it is still a good idea to know where you are. After doing this, you can now start looking for the money to get up and running. One suggestion I have is to look the Small Business Administration through the government website. There you will find a lot of tips and tools regarding loans and how to get money.
I think the best money to start a business is your savings. That way you are sure to succeed. With other people's money you may not be careful and more chances for failure
If you have a good business idea, maybe try and find some investors.
...assuming you are only considering safe and legal options (if not, that would be an interesting hub question with some wild answers)..like turning your internet hacking skills into a front page wiki-leaks media frenzy...etc.
1. Facebook/Twitter, etc. tweeting a compelling ask for investments....a dollar each from the 1 million "fans" of Whole Earth foods would be....hmmmmmm?
2. Having a hot product or service, with a proven market expanded....here are a few I have watched become successful:
*a Flower roadside bucket stand turns into a floral shop
*a craft fair booth selling handmade burritos turns into a restaurant & catering business
*a mobile coffee cart turns into a chain of pastry/espresso shops
* a pro-bono (free) service that creates buzz and demand and turns a profit if you are good.
...and many more (waiting for your blog on this when the answers fill up the page...)
"I not only use all the brains that I have, but all that I can borrow." – Woodrow Wilson
sell on ebay
get good friends involved
go for venture capital
get a distributed loan from ur parents n siblings at the same time
make a facebook appliation if u r a programmer
if u can manage try the baking course or hairstyling course and work part time
think when u r alone-make notes-compare them-and never loose hope-its a real money
Investments, from friends, family and your local community.
In reality, loans are a great way to be able to enjoy the major comforts of the day without having to save up enough to pay for all of it up front.
Find best way to get money to start a new business? visit gallery finance & get best benifits with secured loans.
Apply now for flexible secured loans and homeowner loans at Gallery Finance. they provide loans for debt consolidation,home improvement and much more..
If you want to start a new business and looking for the finance then bank loan is the best way to getting it.For more detail on related secured loans you should visit - http://www.galleryfinance.co.uk/secured-loans/
by lilpichie 7 years ago
Is there any resources out there that will assist someone with a business loan who has bad credit in
by Cagsil 8 years ago
Hey Hubberville,I am planning on writing my next about the state of affairs of the Financial business' and Government action.However, I would like to point out one specific problem, for which, needs to be addressed almost immediately. Hence, the reason for the posting.The "credit" crisis...
by remobush 8 years ago
How can I get a bank auto loan without a good credit when you have a limited credit history?
by Stacie L 7 years ago
Hate your bank? Saturday is 'Bank Transfer Day'Big banks may have scrapped plans to charge fees for debit card use, but many customers are still angry and taking their money elsewhere.By MSN Money partner on Fri, Nov 4, 2011 1:42 PM MarketWatch on MSN MoneyIf you've been thinking about firing...
by American_Choices 5 years ago
Mortgage through a credit union or a bank?What are the pros and cons? Have you considered or shopped a mortgage at your local credit union? Are you a member of a credit union yet choose a bank for your home mortgage? Why or why not?
by erickazoso 9 years ago
I'm curious what others think, in my opinion, the current recession we're in is simply the fault of the people that wanted a house and either couldn't afford their loans or didn't educate themselves properly on the loan they were getting into.
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|