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Starting a Business - Sources of Money

There are many ways to raise capital. Some of these are listed below.

Not all of the items in the list below will apply to you.

Savings

A good source of money as you are not paying interest.

Bank Loans

May be a good choice but you will need to look carefully at the interest rate.

Loan from Family/Friends

A loan from family or friends is often a good solution but could this put personal relationships under strain?

Grant

A good way to assist your Business. You need to find out if you meet the criteria. Your local Chamber of Commerce and/or regional Business Support Agency should be able to advise on availability and eligibility.

Investor/Partner

This may provide a source of income. However, they will want a share of the Business in return for their money.

Part time employment elsewhere

This may provide a good solution, although it will mean that you have limited time to invest in the Business.

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