Borrowing Money for Your Business?

Posted by ShawnHessinger under Raising Capital
From http://financialhighway.com 5286 days ago
Made Hot by: BusinessBloggerPro on June 3, 2010 5:14 pm

So how is borrowing money like raising capital? Well, the same rules that apply to personal finance also apply to financing a business if you plan to use credit to fund your new venture. Sure, some aspects of this post apply more specifically to folks who hold down a job working for someone else. But managing credit both personal and professional remains critical for small business owner too. Especially if you capital comes from just one investor...YOU.

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Comments

Written by ajayjoya
5284 days ago

Borrowing more will put your most of the efforts to complete it, and you will loose efforts on business, so keep the borrowing as little as much you can.

thanks Shawn for such a great advice

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Written by yoni67
5286 days ago

Shawn,

Great post and great advice which has ramifications on business. My favorite peice of advice is borrow as little as you can or need to. It doesn't go far toward building a great history but it tends to keep me out of trouble! Right now I'm trying to pay back a student loan (WVU...go Mountaineers!) on a freelancer salary which is not easy.

I guess I'm lucky to be in a profession that requires no real capital and no other equipment than a computer.

All the best,

Yoni

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