10 WAYS TO FINANCE A SMALL BUSINESS

10 WAYS TO FINANCE A SMALL BUSINESSES

1.    Liquid Assets -- from own pocket.
2.    Sell whatever you can.
3.    Angel Investors/venture capitalist -- expects high returns.
4.    Friends and family - Love money – Keep everything in writing & have a right to buy out.
5.    Credit Card – Beware High-interest rates- Short Term loan
6.    Bank loan – harder loan to get. (Short Term Loan)
7.    Microloan / Microfinance.
8.    Social lending – website/microloans -- unsecured loan without collateral.
9.    Trade credit from customer 50% advance + Credit from suppliers 3 months.
10.    The key to success is to borrow the long term for long term return and short term for short term returns. Don’t borrow and short term and invest in the long term.

SME Leap is designed to provide tools and information which entrepreneurs and business owners need in one place to cross the growth barriers they had in taking their business to the next level. Please visit https://smeleap.com/to know more about us.

Please find below some of the Software Tools Useful for Businesses

WEBSITE TOOLS