Getting funding from suppliers for your startup business
Business Startup Secrets > Business Startup Tips - Funding
Look to suppliers for funding.
"Your suppliers will often extend you really favorable terms, which is just another form of debt," Andrew Zacharakis says.
Suppliers are more ready to extend credit than other lenders, especially when it comes to startups. Getting the option of paying
in 30, 60, 90 or more days for supplies or inventory you receive now is fairly easy.
Says Zacharakis, "Usually you have to pay a small interest rate."
Be sure to pay your suppliers on time. If you get a history of being late with an important supplier, a sudden refusal to extend credit could
strangle your business for vital materials.
On to Landlord help for funding your new business...
Fresh copy to be cached until 6:34:11 PM |
