Thursday, January 19, 2012

Funding Sources for New Businesses and Project Finance


When there is a new business that is first starting out, there is always the issue of funding and project finance that the person setting out has to answer. Fortunately, there are a number of sources that people can use in order to start up their own business.

One source of funding that is often over looked is that of the federal government. The federal government has made it a point to set aside funds for business ventures and exploration. For every administration, there is the issue of growing jobs and seeing that people have a place of work, so the federal government has funds that are available for project finance. People can apply for the funds in order to start up their business.

Banks are another source of funds for people seeking to start up a business or to fund a project. Banks love to loan money. It is the means by which they earn money and grow. When a person comes in the bank to borrow money, they will often have a plan that they present to the lender. If the lender likes what they see in the presentation, then they will lend the money to the borrower.

Another source of funds that can be used for project finance is that of private lenders. Private lenders are private companies or people who make it a point to lend money to aspiring people. Aspiring people are ones who have a vision and a plan on how to attain their vision. Usually the funds that are loaned out will have to be paid back with interest, but they can be used as the borrower sees fit so their vision can take on a tangible state.

One final source of funds that some people overlook is that of friends and family. Money can be borrowed from just about any source. The only issue with borrowing from individual people is that they usually want their money repaid quickly. Make sure that there is a plan set in place when borrowing from friends and family.

Labels:

Links to this post:

Create a Link

<< Home

Stay Connected

1-866-949-7323

Contact Us

» Email: info@globalprivategroup.com

Loan Application

Global Private Group provides a preliminary online application form which is used to determine elegibility for any of our programs. Your information is safe, secure, and will only be used to provide you a better service. To proceed to the form, please click the icon below.

Fill out the application form.