Business Financing the Smart Way

Lots of people out there have good ideas and intention to start their own business. However, one of the biggest obstacles to do this would be financing. There are several Creative ways to overcome this obstacle and I will cover two main ones here..

1. The first option is to form a company and offer shares for cash/financing to Family and friends. You could also go wider and find other business partners to finance certain aspects of the business.

2. This option is to talk with your bank. Now this would be difficult if you are starting fresh. They would require personal guarantee and many other things. The way around this is to acquire and aged corporation and use the credit profile for that company to obtain new credit. This will cost you for sure, but the chances of you getting loan is much higher than going directly as is..

What could you do with some good quality Business Credit?

Real Estate Down Payment - Tight market means higher down payment required.

Start-up Financing - Get your business off the ground and faster.

Bridge Financing - Close a transaction with this backing

Many other options with this such as business expansion, marketing etc..

Get more information on a good program here - Business LOC Program

Financing your Product Creation Idea

Typically to build a simple information product, it may be easier self-finance since its probably less than $1000 in most cases. However, if you really want to develop a major product that can rock the world, you may want to craft your strategy to get more establish credit.

Several options are available, but the one that seem most attractive is the concept of building business credit.

This site provides a good option to do this and fairly quickly.

Check them out at Mynewcompany.com

This is also a good site to find good home business info. I will cover more financing options soon especially to create products.