Augusta
VIP Contributor
When you have a business that needs external funding you might find it to obtain one has there might just be difficulties you need to surmount to be able to secure the right funding for your business
The most outstanding ones are;
Proof of credibility: This is one difficult thing to prove as you might just be starting out in the business. it is never easy to convince a potential investor of the chances of success. Even banks and other lending institutions are always looking for credible customers but how do you prove this
Evidence of past business success: Not having a trading record to present to investors or banks as evidence of past business success can make it difficult to get funding for a business
Lack of collateral: Another difficult situation that would set one back from getting funding for a business is the problemn of having the right collateral. Investors sometimes need a collateral that is reasonable for their money
The most outstanding ones are;
Proof of credibility: This is one difficult thing to prove as you might just be starting out in the business. it is never easy to convince a potential investor of the chances of success. Even banks and other lending institutions are always looking for credible customers but how do you prove this
Evidence of past business success: Not having a trading record to present to investors or banks as evidence of past business success can make it difficult to get funding for a business
Lack of collateral: Another difficult situation that would set one back from getting funding for a business is the problemn of having the right collateral. Investors sometimes need a collateral that is reasonable for their money
