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Funding a business
What banks look at before funding a business
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[QUOTE="Shaf, post: 246179, member: 25467"] I really prefer to run a business with personal funds as it guarantees the greatest peace of mind. Some people think that having large sums of funding to ensure a successful business and I've seen many of them go for it and fail, eventually they lose their collateral or they leave their guarantors in debt. If you want to get funding from a bank for business, it's very important to ensure that the business has been operational and preferably, has been turning in profits already. The additional funding would be used to expand if there is more market for the product or service. It would also be wise to use a collateral that won't bankrupt you if you have to lose it when you can't pay back. [/QUOTE]
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What banks look at before funding a business
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