How Do You Finance A Small Business With Bad Credit?
Starting a business can be an expensive proposition. Equipment, supplies, salaries and advertising are all needed to take a business from idea to fruition. Most people go the route of small business loans or grants. But if an aspiring business owner has less than perfect credit, financing options might be limited. However, there are ways in which the business can still get off the ground. Step 1 Ask friends and family for financing help. If you have friends or family that believe in your idea or like the products that you sell, ask them if they would be willing to contribute money to the business. Offer them something in return until you can afford to pay them back, such as free services or products or a share of the business. Step 2 Get a second job. Working a second job and saving that money for start-up needs has a three-fold advantage. First, it is one of the quicker ways to raise capital. Second, working two jobs can shore up your determination to own a successful business of your
