How to Best Finance Your Business

By: Together Abroad 11-04-2017 9:56 PM
Categories: * Daily employment news,

As a business owner you need money – whether to start your own business or to invest in it, for example, in machines or in renovations. But there are several forms of financing. So which of these best fits your situation?

Crowdfunding or Business Loan?

Suppose you want to start a business and you need to have 4,500 euros available.Then crowdfundingmight be a solution – this is when a large group of people insert an amount of money to finance your project or company. It is a good financing option for starters. There are a wide variety of platforms that offer you to choose the adequate structure: loans, equity or donation, from the financing that suits you.

It might also be that you need more money, namely for the purchase of an office building. Let us assume 450,000 euros, and that you bring yourself at least 30% of the money. Then a business loan could be the solution. With this option you have a fixed interest rate throughout the term and fixed monthly charges. The economic life of your investment objective defines the term.

Business Credit

With a business credit, you could, for example, take out a loan to finance your accounts receivable and inventories. Then a business credit that gives you more financial flexibility is a possibility.On a business account, you get a credit limit, on which you pay a variable interest rate. And the loan has a term of one year, so it remains clear for you.


Convenient Financing Pointer

Besides the above forms of funding, there are other possibilities. Which form best suits you? Look at ING Financial Guide. By answering a few questionsin two minutes with this tool, the possibilities and options available for you are presented,both by the ING and out of the ING.

Source: http://www.nu.nl

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