How can I raise money for my business?
The main ways to raise money are borrowing it from a friend, a
family member, or a commercial lender, or selling ownership interests
(equity) in your business.
How do business loans work?
Business loans work just like any other loan -- you and the lender
agree on an interest rate and a payment schedule, and you sign a
promissory note that sets out your agreement in writing.
If I borrow money, what are my repayment options?
The most common repayment schedule involves making equal monthly payments that incorporate both loan principal and interest.
How do I sell ownership interests in my business?
If you're going to raise money by taking in co-owners, the first
thing you'll need to decide is whether to structure your business as a
general partnership, a corporation, a limited liability company, or a
limited partnership.
For further help on your business contact; business coach Kenneth Matthew on 08062179543
No comments:
Post a Comment