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What are the best ways to finance a new business?
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[QUOTE="btaliat, post: 259203, member: 26390"] There are many sources that are available for intending business owner to fund his business. However, not all sources are very advisable for the business owner to adopt. There is need for him to settle down and analyse critically the one to go for to save him from the consequences. The easiest and problem free is the personal saving. In this type, you can easily start saving some monies in order to set up for the target. The only problem with this type of funding is that it is not advisable for businesses that need much money to start. Apart from this, there is problem of taking out of this saving may be because of lack of indiscipline. We can also obtain loan in the bank. This is the easiest for people that need much money to start up their business. You only need to have some collateral that you will use as your guaranteed property in case you default. Some people as well has faulted this method as being dubious because most time, the interest rate is high. We can also source fund through borrowing from friends and families. This is not that reliable because most people are not dependable. [/QUOTE]
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What are the best ways to finance a new business?
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