what are the advantages of a business loan?
117951
The bottom line is to increase your business profit.
1086611
The best source of financing for new small businesses is friends and family.  No such thing as free money, and there is almost nothing available in the private investment or loan market for a brand new business that does not yet have positive cash flow or valuable intellectual property.  \n\nIf you do borrow from friends and family, just be sure to do it in a way that is fair for all parties and be sure to document your agreement in a written contract.  Business deals that go sour between friends and family members can get really ugly, and can permanently damage a relationship that is more valuable than your business.  Protect the personal relationship using smart preventive business and legal measures to avoid disputes.
561572
apply to the SBA.  they handle business loans.
688153
Asset Based Lending \n  \n   Asset based lending or asset based financing refers to loans secured by a wide variety of assets. Businesses can obtain asset based lending by using the liquid, current assets of the company (such as accounts receivable and/or inventory) or the fixed assets of a business (such as plant, property, and equipment) as collateral. \n\nAsset based financing relies on the value of the underlying collateral to minimize the loan's credit risk. Asset based loans also can include equipment loans and real estate mortgages. Commercial finance is the term most commonly affiliated with the industry group of asset based lenders that provides all types of asset based loans to business and commercial borrowers. Asset based lenders are sometimes referred to as secured lenders. \n \n \n DEPENDING ON THE COUNTRY YOU ARE LIVING THE FEATURES WILL VARY. BEST IS TO CALL ANY BANK WHO GIVES SUCH LOAN & GET DETAILS. U CAN ALSO TRY THEIR WEBSITE.\n\nBYE & BEST OF LUCK
120462
Depends what is your collateral.\n\nYour own money will keep your kitchen running and will not bring you to a stalemate. The business loan, if the business or any of its assets are mortgaged for, will help you concentrate on spending upon your business.\n\nYou must keep the two seperate, never consider the loan as part of your own money, the moment you do, and you start paying your home bills and personal credit card bills from there -you have had it.\n\nTry not to go for a secured loan, if you have no choice then try to offer the assets and business as collateral.\n\nThe best way to run your own business is to work like an employee. Draw a salary and try to maintain your personal savings away from the business loan.
970546
The biggest advantages  (of banking within the branch) are:\n**  Making personal contacts and relationships with the staff.\n     This is great if you want to borrow money at some point.\n**  Customer service is more satisfying in perosn to person    \n     banking.\n\nThe biggest disadvantages I can think of are:\n**  Time spent waiting in queues\n**  Restricted banking hours (as opposed to 24/7, seven days a \n     week on the internet or phone banking)
266047
No. Your own money would be the best. With your own money, you can pace yourself, and less pressure if the business does not work. There is greater risk if you take on loans, and more pressure.\n\nTake for example for a business whose startup capital is $50K. If this is financed from your own money and you lose out, then you are out of $50K. But if this is a loan, you will be out of $50K + interest and your collateral is at jeopardy. \n\nIt depends on your business objectives, your level and tolerance for risks, and how fast (or how slow) you want to push your business.\n\nBut if you have to go get a loan, always go for the cheapest (lowest interest rate and better terms). Shop around before signing on the dotted line
807007
The business of lending is a dense one and should be researched properly. To get started, I suggest contacting the Small Business Administration (SBA). Entrepreneur also offers a great site dedicated to money & finance – see below for both.\n\nResearch, research, research – this cannot be stressed enough. Read as much as you can about the process. Here are some book titles that are relevant:\n\n* How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan (Small Business Series, No 1) by Bryan E. Milling\n* The SBA Loan Book: Get A Small Business Loan--even With Poor Credit, Weak Collateral, And No Experience by Charles H. Green\n* The Insider's Guide to Small Business Loans by Dan M. Koehler\n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
1163683
The business of lending is a dense one and should be researched properly. To get started, I suggest contacting the Small Business Administration (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.\n\nResearch, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:\n\n* How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan (Small Business Series, No 1) by Bryan E. Milling\n* The SBA Loan Book: Get A Small Business Loan--even With Poor Credit, Weak Collateral, And No Experience by Charles H. Green\n* The Insider's Guide to Small Business Loans by Dan M. Koehler\n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
1166672
Talk to the bank to take a business loan. If the profits are great, you'd be crazy to give away the share of the profits to an investor, just keep it to yourself.
69572
The major advantages are that there an unlimited number of members allowed, there is generally no personal liability of the members, the entity is not taxed (profits and losses are passed through to the members), ease in filing with the states, and it is generally run through a Manager, rather than a board of directors (great for small companies or one that you wish to be similar to a closely-held corporation)
618550
Have you tried the SBLA?  That is the Small Business Loan Association.  I do not know the web address.  Also, try your local bank.  If you have collateral and good credit, I am positive that they will work with you.\n\nGood Luck!
994221
Money follows management.  It is not a great product, but a great management team that will help you get the financing you need.  Lenders want to be assured they will receive their money back.  If you surround yourself with other people who have done this and have been successful, a lender will feel more secure lending the money.  Gather a management team of other business owners, consultants, attorneys, accountants or any other professional who can help support your business.  It is impossible for you to know everything, and every successful business person surrounds themselves with people who are smarter that they are.  Once you have built your management team/advisory board, then a business plan is next.  There are many resources available to explain how this works.  I think with a good team of advisors and a business plan, your chances of getting financing will be better.
1136609
There is a huge difference between  bankers and venture capitalists. And I'm not just referring to the cost of borrowing so tread cautiously here.\n\nBefore I can provide you with advice I need a little more information. How long have you been in business?  About how many people work there?  Why do you need the money?\n\nJust a quick note " fund some of our operations " might suggest you need money just to keep the business open. If this is not the case it may be better to delete this part of your question.
582023
The advantage of taking out a loan is that you keep whatever savings or capital that you may have intact, for other investment purposes. This is particularly good, at a time when interest rates are low, so you pay very little for what you borrow and stand to make more by investing your savings in stocks, bonds, commodities etc.\n\nThis is however not a good strategy when interest rates go up, or, if you are taking finance at a high interest rate or over a very long term, because it is unlikely that investments would ever make up for the amount that you are paying in interest or fees.\n\nFor example, remortgaging a house to release equity which is then used to purchase say a car. A £20,000 car paid for in this way, using say a 25 year re-mortgage, could cost £50,000 in the end AND, assuming that a car only last for 10 years, you would have to continue paying for the car 15 years after it has gone to the knacker's yard. This is a very expensive use of money indeed!\n\nIn the UK, currently, a significant amount of personal debt is financed at high-ish interest rates. This makes the finance companies a lot of money but causes significant losses to the individual borrowing the money.
430659
SBA - The SBA provides short- and long-term loans to eligible, credit-worthy start-ups and existing small businesses that cannot obtain financing on reasonable terms through normal lending channels. \n\nNote, however, that SBA does not provide direct loans. Rather, the agency provides guarantees to loans availed through SBA's partner lending institutions, which includes many community banks. The applicant must satisfy the lender's requirements before he or she can ask for a guaranty from the SBA, unless the borrower is deemed prequalified based on the person's character, credit, reliability and experience (prequalification is for loans $250,000 or less).\n\nRead SBA's qualification requirements:\nhttp://www.sba.gov/financing/preparation/requirements.html
434763
It depends on the state you are in and the use of the funds.  Often, these resources are tied to SBA loans or some type of CCDC marketable tax credits.  Basically, you would still have to personally guarantee the loan...same as any collateralized bank loan.  Check with your local SBA officer.  They can help you.