Have you been dreaming of putting up a business but having a hard time generating funds to finance your business ideas?
Do you acquire creative marketing concepts, yet still struggling to find financial support?
If your answer to either of the questions is “Yes”, then this article might be able to help with your business concerns.
Obtaining financial support to start-up a company can be acquired in various ways. Obviously, Bank Financing or short-term loans from Cooperative, or Micro Lending Enterprises comes first in the lists. The other alternatives are SBA Loan, and Merchant Cash Advance Program. Yet these financial institutions usually required the debtor to provide necessary documents to back up the company’s ability to pay debt, while some may screen the debtor for some pre-qualification processes. “Small Business Administration” and “Merchant Cash Advance Programs” for instance only extend loan assistance to micro enterprises. While Micro Lending Enterprises offers only a relatively small amount loans ranges from $500 to $35000.
Good news to all, Crowdfunding comes to the rescue, which also offer an alternate and viable approaches to generate funding for business projects may it be big or small. Although Crowdfunding has becomes very popular over the internet today. Still a large number of people even to some avid internet users were not aware that such amazing fundraising Platform exists. To explain further, Crowdfunding according to Wikipedia “is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet”.
Thus,Crowdfunding is not only limited to business activities.Anyone can benefit from its platform such as family reunions, school projects or tuition fees, as well as fundraising for charitable purposes. These however, generally come for a fee either in the part of the benefactor or the one raising for funds. Nevertheless, registration to access the platform is usually free. The fees that I have mentioned only apply during the fund transfer as service fee by using the Crowdfunding websites’ platform.
One thing that’s great about Crowdfunding is, there are group of people from different parts of the worldmostly retired wealthy businessmen, who might be willing to invest money but not for the purpose of monetizing or for profit. These“group of people”are referred by many as “Angel Investor”. And for the record, there are more than 200,000 angel investors in the U.S. alone, according to survey conducted by the Center for Venture Research way back year 2007. This is why Crowdfunding sites came to life.
Finally, you too will be able to find an investor to finance your business. You simply need to be creative and innovative. Explore all choices that you have in mind and start getting noticed by potential investors who will help you bring your brilliant ideas to life.
InoGlo 