Tag Archives: Business Financing
General Sources of Funding
Where an entrepreneur is in a position where they either need money for starting a business or need money to extend the life of a business, there are a variety of sources of funding for such activities. Apart from business equity, the entrepreneur can finance the whole project on his or her own. This means that they enjoy all the profits but they take all the risks. Because of the high level of risk involved, some business owners are reluctant to go down this route.
All business owners who have ever tried to get business loans know how hard it can be to get money out of those financial institutions and banks. After all, you need to submit an entire load of documents, in addition to meeting several eligibility requirements and fulfilling numerous criteria. One of the primary criteria is to have a good credit report, which many business entity might not be able to reach good credit status, thus failing into bad credit business loans category if they were to seek financing from banks.