This is the year that entrepreneurs have woken up and started to build on big business ideas and concepts. After experiencing the beginning of this pandemic, they are ready and revving their engines to get moving forward in the business world. So they have a concept for a business, maybe even the team, the plan, etc. But to put all of this in motion and create a solid foundation, there is an investment to be made and a question to be asked, “Should I apply for a Start-Up Loan to get my business rolling?”
Of the many ways that business owners can get the funding they need to start their business – personal savings, family and friends, crowdfunding, etc. – Start Up loans have an advantage to the other options. Let’s look at some pros to getting a start-up loan for your business.
Working Capital to Start Your Business
This is probably the most obvious pro. You will have the money you need to invest in resources, staff, equipment – perhaps even an office – to make sure your business is ready to go on all fronts. With funding, you can invest in your marketing, a huge element that is vital to making sure your business is a success. There really is no other way to say it, “you’ve got to spend money to make money”. This is where you will start.
You Remain the Owner
In some situations, if you are borrowing the funding from friends and family, it becomes a matter of sharing the equity in your company with the person or people you are borrowing from. At that point, it is a dicey situation because you are bringing in the opinions of other people who may want to run things a little differently. Getting a Start-Up Loan ensures that you retain ownership of your company so you can run things the way that aligns with your vision.
It Guards Your Personal Wealth
Start-Up Loans ensure that your personal finances are separate from the business finances. This is incredibly important, even further down the road when the risk builds. Even the most well-planned venture may face obstacles that are out of your control and you need to be careful about mixing personal assets with your business. Getting a Start-Up Loan will help you to keep things separate and reduce risk to your personal finances in the event that something were to happen.
Woo Hoo! Better Credit.
When you get a Start-Up Loan, it means that you will start to build credit. Over time, the amount of money that you pay in and being able to show that you are responsible enough to pay things on time will all look good for your credit. Why is this important? Because in the future as your business grows, you may be interested in getting bigger loans to grow your business. Having a good borrowing record will help to prove that you are worthy of handling bigger loans.
Thinking of Starting a New Business?
Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!
Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!
Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.
Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584