Bank don't give loans to starting businesses |
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I live in the Netherlands and the banks here are supported by the government. But when you try to get money to start your own store or something like that, you get a negative answer.
Contributed by Geke Hilverts
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Known Solutionsfor Bank don't give loans to starting businesses |
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Money is of no value unless it changes ownership for something valuable, such as bread. We most value that most useless mineral: gold. It is too soft to make anything more 'useful' than a trinket. Rea...
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Perhaps you could try boot strapping your business. That is what I am currently doing. The basic premise is to pull yourself up by your boot straps. In other words, do something to make a little bi...
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Since you cant get a loan from a bank, if you have a detailed business plan that could attract individual investments, you can try to establish an investment fund and lure private investment. There ar...
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Banks are clearly not lending for any loans, try a credit union. Join, become a member and try to get a loan through them.
Also, many banks have increased their basic requirements to get a good pr...
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Innovative Solutionsfor Bank don't give loans to starting businesses |
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Many VCs, organizations, companies organizes entrepreneurship contests.
Prize, awards can be of the forms of funding, prize money, software, hardware, marketing channel etc..
Beware though of the...
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Read up on bartering for goods and services. It can be a productive business move....
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These are some alternative sources for funding.
There may be some funding on entrepreneurship that is themed on poverty, rural, social, equality issues etc. If your startup/store is in a way relat...
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This is applying Lean Thinking into Startup to achieve lower development costs, faster time to market, and higher quality products in the years to come.
There are more resources about Lean Startup....
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This idea I think is still not implemented in many places in the world, though it is implemented in San Francisco.
There is this concept of “open source entrepreneurship”, where it’s to conne...
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KEY TERMS
"YOU"- Here means Small and medium Scale Enterprises
"CONCERNED AUTHORITIES"- Here means the body that is responsible for the policies that ensures the establishment and thriving of a smal...
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Sometimes what one sees as a problem someone else sees as good. A case in point follows. Considering that most small businesses fail is it wise to lend to a small business? Or is it wise to borrow ...
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One option for you might be to create a partnership with an established store owner who could serve as a credit partner or a private financier. Such an individual might have a better understanding of ...
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Commentson Bank don't give loans to starting businesses |
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I come from NL too. Banks are simply more risk-aware. This means that you should have a solid business plan and something distinctive. 'Another store or something' might not be what the bank is lookin...
- Erik Smakman
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