We understand that not everyone has surplus cash laying around to start a business. So here are a few quick ideas on how to get cash to fund your new venture & start a business with limited money!
Get a Microloan
The lack of a credit history, collateral or the inability to secure a loan through a bank doesn’t mean no one will lend to you. One option would be to apply for a microloan, a small business loan ranging from $1000 to $60,000. Micro lenders offer smaller loan sizes, usually require less documentation than banks, and often apply more flexible underwriting criteria. Get in touch if you need us to create a Tax Invoice for you to take to your lender.
We found these companies as an example so check out www.liftfund.com & www.kabbage.com
Going to your local bank is the obvious choice for most people wishing to start a business, but usually business loans from commercial banks are expensive and hard to get. The interest rates are usually higher than a personal loan and you need to provide a lot more documentation. If you are going to the bank, get in touch and we can provide you with a Tax Invoice to take to your lender.
Investing your tax return $$ in a new business is a great way to use those funds to turn a dream into a reality!
A crowdfunding site like Kickstarter.com can be a fun and effective way to raise money for a relatively low cost. You’ll set a goal for how much money you’d like to raise over a period of time, say, $5000 over 30 days. Your friends, family, and strangers then use the site to pledge money. But keep in mind, this isn’t about long-term funding. Rather, it’s supposed to facilitate the asking for and giving of support for single, one-off ideas.
Click Start Digital offer payment plans on all of our packages, interest free!! Our payment plan solution allows you to get started faster. Its breaks the payment into 3 more manageable instalments allowing you to start now pay later! As soon as the first payment is made we will get the ball rolling with your training.
Remember to choose a package that suits not only your budget but also take into consideration the amount of guidance & support you feel like you will need during the initial start up phase.