financing for small business
DESCRIPTION
Small business financing is the means of acquiring finance for an aspiring and current business owners. It is for starting the small business or purchasing an existing small business. For more information, log on to https://48factoring.com/.TRANSCRIPT
Financing for Small BusinessRobert Smith
Contents
• What is Financing
• Difficult to Get Finance for Small Business
• Creative Ways for Financing Small Business
• Conclusion
What is Financing
• Financing is the way of providing theworking capital for the business.
• Financing means a way of lending moneyfrom any of the financial institution.
• It is the field that deals with allocation ofassets and liabilities.
• There are different areas of finance i.e.personal finance, corporate finance andpersonal finance.
Difficult to Get Finance for Small Business
• Getting small business finance is one of thehardest thing.
• Small business does not have perfect creditthat creates problem in getting smallbusiness loans.
• The main reason is that banks thinks thatlending small business is the most expensivetask.
Creative Ways to Finance Small Business
• Small Business Administration loan : SBA offersloans offer two types if loans i.e. one forentrepreneurs and other for small businessloans.
• Product Presales : Selling products is aneffective way to raise finance for small business.
• Home equity loan : Equity of homeowners – thehome value – what you owe. Home equity oneof the best option for small business loans.
Contd..
• Selling Assets: Selling the assets to raisefinance are also good options.
Conclusion
• Financing is one of the challenging obstacles that any entrepreneur face while starting up the company.
Thank You