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Tuesday, 13 February 2018

Two Alternative Ways to Finance Your Business

two new ways to finance business

It's how you deal with failure that determines how you achieve success. 
 - David Feherty

Many have experienced the uncomfortable and vexing feeling when they hear the dreaded words from the mouth of their Bankers or Lending Agents, “Sorry, we cannot grant you a loan because you do not qualify, nor do you meet the requirements.” After hearing such words some individuals become depressed and utter the soft cry of “No! Please do not do this to me, I must have this loan.” Once, their plea is ignored, some may even bang their heads on walls, while others visit their favorite water holes and mumble to the Bartender, Waitress or possible to themselves, “I simply have to get that loan.” Or “I failed now what do I do?”

It is difficult nowadays for a small business to operate without an adequate amount of finance or without fresh capital to inject into their operations. There is also the matter of private citizens who just want a loan to take care of pressing matters, which could be for a variety of serious personal reasons.

There is no need for the raising of hands to the heavens and say, “I surrender”, nor harbor vexing feeling toward the Financial Sectors, since this is not a good thing to do when there are alternative ways to obtain financing for whatever purpose. Let us look at two ways, one you may have already heard of and the other may be relatively new.

  • Crowdfunding 
  • Bitbond
Many have heard of the word Crowdfunding and if any person has not done so, then it is safe to assume that they may have been living under a rock or far away from civilization. Crowdfunding can work in almost any civilized country that is governed by democratic laws. If you are able to send and receive money from any corner of the world, then it is safe to say that this democratic financing can work for you.

What exact is Crowdfunding? It is a method of funding projects or business through the raising of a small handout of money from the willing heart of many kind souls, through the internet. It is like Crowdsourcing or alternative source of money. Who can get involved in it? Anyone as long as it is a worthy cause, for doing good things for humanity, to start a business, to finance a device for creation that will benefit mankind, etc. The concept is not new, since, for century’s politicians and the nonprofit organizations have been doing this, however, today the internet makes it easier to obtain global attention and receive donations from a vast amount of people than what could be received through personal contact.

The Banks and other lending agencies are kinds of worried that they will lose their grips on the lending industry since the existence of Crowdfunding, which for the most part bypass the door of their business and thereby restrict them from making a profit, where interest on loans are concerned. Consider that Big Banks refuse to lend financing to 8 out of 10 loan applicants, while small banks reject 5 out of 10. This has made it harder for many to access loans. No wonder Crowdfunding is here to stay and prosper as long as Banks continue with their loan application rejections.

To get involved, one just needs to post their needs on a Crowdfunding website, make some sort of commitment and then sit back and watch their funding grow to a considerable amount. This sounds simple, but it is not exact so simple. To get a massive amount of individuals to contribute to your venture or project requires planning, attention, and implementation of any manners of marketing or fundraising activities.

To launch your Crowdfunding Campaign in a nutshell

  • Decide on the Project you want to finance and be very specific and clear
  • Create your budget with funding target and ensure you are sure of the amount
  • Fix up your sale announcement or pitch
  • Launch your campaign
  • Keep in touch
Most come with excellent customer support and once you are signed up and need help just contact support which is available to assist with any issues or information that is needed. One of the best Crowdfunding Sources is Krowdster which provide an excellent education for free to all who sign up and join. Visit KROWDSTER to educate yourself, then start to earn non-bank financing.

Bitbond is a global peer to peer Bitcoin lending platform that provides loans to small business. Much small business and eBay sellers are borrowers. It is a German corporation that provides loans throughout the world. Therefore, it does not matter what country you reside in as long as you are able to send and receive money include the ability to access the internet. This is a legit company that provides a great service which put a smile on many happy people around the world. As of today, it boasts a total of 130,000 plus users, funded 2,300 plus loans and their loan volume stands at $6,500,000.00 plus.

Bitbond has been a big success with its investments and loans, which is easy and quick to join and obtain without any hassle like what is received from banks and other lending firms.

Anyone in the global community can join and in order for a loan to be financed, all loans request are published in the Bitbond Marketplace, where lenders conduct bids in an auction for a period of 14 days, which is the time limit required. This consists of an identity verification based on financial assessments. Many, can become a borrower and secure funding for their business, the contract is to borrow a certain amount of Bitcoins and the duration of the loan can be a period of 6 weeks or up to a period of 5 years. Financial Assessments will be done include the verification of one identification.

To become an investor just sign up and invest money, which is used to fund loans and earn interest as an investor plus the financial return are good and it is one of the best ways to earn an income stream. There is no limit to the amount of money that can be invested.  Visit BITBOND and join the many happy investors and borrowers.

These two alternative financings have been in existence for a number of years, plus they are two of the best none hassle ways to secure financing for any business today, however, they may not be the only ones in existence, plus the prospect of obtaining financing for any business or personal affairs may sound exciting, but please do your homework before taking actions. I wish you prosperity and success with your business or personal affairs. Cheers!



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