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| *Loan,banking and credit>>>sba loan |
Is the SBA and/or a loan the best way to get startup money for a business? |
Is the SBA and/or a loan the best way to get startup money for a business? No. Your own money would be the best. With your own money, you can pace yourself, and less pressure if the business does not work. There is greater risk if you take on loans, and more pressure. Take for example for a business whose startup capital is $50K. If this is financed from your own money and you lose out, then you are out of $50K. But if this is a loan, you will be out of $50K + interest and your collateral is at jeopardy. It depends on your business objectives, your level and tolerance for risks, and how fast (or how slow) you want to push your business. But if you have to go get a loan, always go for the cheapest (lowest interest rate and better terms). Shop around before signing on the dotted line Some businesses are so inexpensive that you can start them with your beer budget. Write me at yahoo, email is wasdadd, and I can talk to you about a good opportunity. |
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