One thing everybody needs when starting or running a small business is capital. Finding this money may prove difficult, finding it interest free is near impossible.
This is where barter can greatly help your small business. Organized Barter Exchanges may offer Interest Free Credit Lines to their members. This is essentially a Small Business Loan. Here is the best part, not only is the loan interest free, you do not pay it back with cash. The Barter Exchange is responsible to send you business to pay the loan back! I can almost guarantee you will not find that offer from any credit company.
You can space the busines that you recieve from you barter exchange over time. Make sure your broker knows how much barter business you are willing and able to accept. This way you have a good idea how much barter business is coming and you can prepare your budget.
Small Business Loans can be very beneficial to a new business, however they can also be dangerous. Having large monthly payemts to make on a high-interest loan along with the rest of your business expenses can put you in a tough position. Look to barter to finance a portion of your expenditures and you will have an interest free small business loan that you can pay back over time by recieving business sent to you by the Barter Exchange.
Another way to utilize barter to finance your business expenses is by using barter to make a down payment on your purchase. If you are looking to buy a business machine or a piece of property find a seller that will take a down payment in barter. This helps many ways; one is that by taking a down payment in barter credits the seller helps motivate buyers, another is that buyers will have an easier time with financing the remainder of selling price because the loan to value will be significantly reduced.
From Interest free small business loans to down payments, barter can help your business reduce cash expenses on important expenditures.
April 28, 2008 at 6:55 pm
There is also another way of financing a new business or expansions of a current business, that is through unsecured financing, and RandR Finance offers that. Unsecured credit is a way to obtain money for a business that puts no to very little liability on the person, making it less stress full and don’t have to put collateral down. You can with the unsecured credit obtain large amounts, up to $150K, so you can full support the cost of starting a new business and what is nice is that you only pay back what you use, instead of the full amount you qualify for.
http://www.randrfinance.com
April 30, 2008 at 12:44 pm
yes, Small business loans is good idea to achieve your dream of business or expanding their business.
http://secured-bussiness-loans.blogspot.com
August 14, 2008 at 5:03 pm
Interesting post. I want to run a business, so this is very helpful. I think I have enough capital to run one, but it certainly doesn’t hurt to have more, right? Anyway, instead of starting a business from scratch, I’d like to buy a business. The only thing is that I haven’t had much luck while looking for one. Do you have any suggestions? Thanks.
August 14, 2008 at 8:12 pm
Claire,
Sure it doesn’t hurt to have more capital as long as its not costing you too much to have. You definitely want to have a specific plan in place for your start up capital. As far as buying a business research is a big key. A seller of a business may have their business overpriced. Knowing the true value of a business before you purchase it will help you make a smart investment. Barter is a great way for buyers and sellers of businesses to complete a transaction. Sellers can attract more buyers buy offering a barter component in the sales price of their business. Buyers can keep their cash costs lower buy paying for a portion of the business with barter credits.
Contact our sponsor (link to the right) to view businesses that are being sold with part of the sales price being taken in barter dollars.
August 15, 2008 at 4:46 pm
Thanks for the advice, D Allen. I really appreciate it. I did do more research, and I was able to find a potential business on BizTrader.com. I still have to inquire on it. What’s nice is that the place has a function where I can find a lender, which is helpful. Once the ball starts rolling, I’ll have to look into bartering and just research in general. Thanks again!
October 3, 2008 at 4:20 am
You can perform a lot of competitive research and find businesses for sale on BizAg.com Thanks!