Tuesday, August 20, 2019

3 Ways to Get Money to Start a Business

Spectr News Theme Eskanisa Ramadiani
18, July 2018

Having a successful business is a dream shared by many people. Either to make extra income or answer of boredom while you need to work from dawn until dusk. Unfortunately, some people need to bury their dream because of lack or even have no money. And, here are some easy ways to get money to start your own business.

1. Pawn Shop

You can take out a loan from pawn shop to start your own business. Pawn shop also alternative way for some people who do not want to sell their valuable items. It is quite hard to sell your valuable items, like car, motorcycle, gold, anything you buy with your own self. In pawn shop, you can get your valuable items back for a set time period. Process itself is quite easy, most pawn shop also offering lower rates than bank.

2. Asking for Relatives Help

You can also asking for relatives or friends help for a loan. They could end up with low loan amounts, but it definitely is an interest free loan. Otherwise, do not forget to give them your business proposal as their (relatives or friends) final confidence to fund you.

3. Partnership Funds from Largest Companies

Some Indonesian state owned enterprises like PERURI, Pertamina, Telkom have partnership programs you can use to get some fund. Those largest companies usually use your financial report as main consideration in order to know your income. Financial report based on five crucial points, your capacity to pay back the fund, business reputation, capital, condition including your product and collateral.

Eskanisa Ramadiani
Eskanisa Ramadiani