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The Benefits of a Small Loan to Fund a Startup
Posted by newszone on December 10th air max 97 pas cher homme , 2018


“The only thing worse than starting something and failing... is not starting something." Seth Godin


Are you considering starting a small business? Do you have a great idea that is marketable and will generate much-needed income?


The quotation mentioned above by Seth Godin, marketing guru, entrepreneur, author nike air max 97 ultra pas cher , and blogger epitomises the sentiment towards the idea of startups as a whole.


However, one caveat should be added to this quotation. If you have a business idea that is solid, has merit, and there is a market for it nike air max 95 premium rose , then it worth opening a startup to market and sell your idea. On the other hand, if you have not done the background work necessary for the implementation of a successful business, then it is not always a good idea to go ahead with your business idea.


Once your idea has been fleshed out, business and financial models built nike air max 95 premium pas cher , and the company’s mission statement written, the difficultymight be that you need additional funding to bootstrap your startup.


By way of solving this challenge, the question that should be asked and answered is: is it worth applying for a väikelaen (small loan) to fund your business?


The simple answer to this question is: Yes! If you can repay the loan within the specified time frame, and not only keep your business running nike air max 95 essential gris , but growing it from a startup into a stable company.


Startup and small loan: a succinct definition of each


Before we look at the advantages of applying for a loan, let’s look at a clear definition of each of the following terms:


Startup


Essentially, as defined by Investopedia, a startup is a “young company that is just beginning to develop.” It is most often run by the entrepreneur that is responsible for the venture and offers a product or service that is usually not available to consumers.


Small loan


Succinctly stated nike air max 95 essential pas cher , a small loan is also a consumer loan or a short-term loan. It is designed to act as a bridging loan between the time that funds are due in your bank account and the time costs are incurred and need to be paid.


Benefits of a small loan


Based on the definition of a small loan or a short-term loan, the advantages are as follows:


Bridging finance


Bridging finance or temporary finance is designed to cover the gap between the need to pay costs incurred before the funds from the sale of an item have been transferred to you. In our case, a small loan can be used to pay for immediate expenses until the funds from the first sales of your product or service are paid into your bank account.


Interest rate


The short-term loan’s interest rate will more than likely be much lower than a credit card’s interest rate. This fact is especially true if you have an excellent credit score. Therefore, it makes sense to take out a short-term loan instead of increasing your credit card debt or applying for a credit card if you do not already have one.


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