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Old 18th November 2019, 10:21 AM   #1
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Join Date: May 2010
Location: Detroit, MI
Posts: 1,349
Default 8 Sources Of Finance To Kickstart Your Small Business

A genius business idea with the right execution can completely transform your life. But itís not all that simple. Building a business from scratch requires hard work, determination and well, like most things in life, money. In this post, weíre summarising some popular sources of finance for kickstarting a business.

1. Employ Personal Savings

Using your personal savings is one of the most convenient and conservative sources. You donít have to be approved by a lender and it doesnít dilute your control over your business operations.

However, on the flip side, thereís only a limited amount at your disposal. If youíre willing to take a risk, you could take out a home equity line of credit on your house. But in case your business fails to take off, you can lose everything.

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