Finance


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It is every entrepreneur’s dream to start a business and have it experience a hockey-stick type of growth. While a sizeable number have their dream come true, many fail. The denominator is always lack or inadequate capital. Frequent changes in the economic and business landscape have forced entrepreneurs to change tact as far as seeking and financing their business is concerned. Some financing options are either expensive or will lead to dilution of ownership.

Legitimate ways to get capital for your business

Personal savings

fdgdgdfgfdgfdghjThis method of financing remains the most popular when sourcing for initial capital. It is also known as boot-strapping or self-funding. The owner will use his personal assets as collaterals when obtaining loans, use his credit cards to settle business expenses and literally bring in money. This method is always used before bringing in other parties to invest in the business.

Funding from family and friends

This is also among the legitimate ways to get capital for your business. The adage goes that those who are very close to you will always believe and invest in your ideas. The flipside is that the cordial and existing relationships are put at a very great risk should the business fail to pick up or perform below expectations. Another disadvantage is the constant meddling in the structuring of the business from family and friends who have a stake in the business.

Business loans

This is financing sourced from banks and other financial institutions. Banks have the most stringent conditions when financing businesses. There is some glimmer of hope because other companies are now giving loans to small businesses. The loans are easy to access and quick in processing.
The following are needed to access these easy loans: growth projection, business plan and evidence of financing from the owner. While the cost of capital (interest) is not high, the business remains in the firm control of the owner.

Angel Investors

fdgdgdfgfdgfdghjdsfdsgdfAlso called seed investors or angel funders. These are investors who finance startups. They majorly assist startups in taking their first steps. They do not look at the short-term aspect of the business but rather at the long term. Their interest is never in the profitability of the business. When they inject money in the business, they either become shareholders or debt holders. This means that they start getting their returns or their debt starts being repaid when the business is on a profit trajectory.
With this kind of ownership arrangement, there exists a fiduciary duty and responsibility by the business owner to the angel investors. The best interests of the angel investors have to be taken care of and protected.

Conclusion

Regardless of the financing option taken, keep in mind the cost of the capital and the impact on the ownership of the business. Ask yourself whether the interest you are paying is too high, the legal costs to be incurred in structuring the financing are high, or the investors you are bringing on board will dilute the shareholding or make you lose control of the business you have painstakingly built. Lastly, always make sure that the capital is from a legit source.…

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Everyone works hard to make money, and most of us live on our monthly salary from month to month. Many people may not have any left to save after paying for mortgages other commitments and expenses and therefore when there is an urgent need for cash they get stuck. In such situations, your vehicle can be a great relief. You may ask how this is possible? Well, it is with Car Title Loans in San Diego, CA | Free Quote.

What is an Auto title loan?

It is a quick loan that can be taken in a time of urgent ie8wyneed. There is no need for much paperwork and no need for a credit check. Unlike standard loans from a bank or other lending institution the loan will be dispersed in a matter of hours.

There is no need to wait for days to get the money you need. You will be able to get the cash and sort out your immediate need without much hassle.

The Requirements

Unlike a traditional loan, there is no need for a good credit score and you even with bad credit you can get an auto title loan.

The only requirement is that you own the car 100%, and there should not be any financing or liens over the vehicle. One thing to bear in mind is that the better condition the car is in, the higher the loan amount. You can also get larger amount if the vehicle is a good make and has a high demand and resale value.

Why use this method?

e3w8hcThe simple reason is that when you need cash fast, you cannot wait. A car loan can be obtained almost instantly, and the interest rates they would charge are rather competitive too. You do not need to leave your car with the lender, and you can continue to use it and settle the loan withing the stipulated time.

Auto title loans are a relatively new concept, and therefore, not many people are aware of the process. Therefore, if you want to know more about how to get a safe loan? You can do some research online, and you will get all the required information you need to sort out your immediate financial needs without much stress or running around.…