Finding Money Sources for Your Small Home-based Business Opportunity

Once, you have decided to go after your dream of starting your own Home-based business, finding and obtaining original money sources should be your next concern.

Funding maybe available but that will depend on what point your business or franchise is in developing. If you are just starting out and the product as no proven track record as of yet, you might to start the business with your savings, other income, personal loans or mortgages.

Another option might be to be to borrow money from friends and/or relatives. There are always credit cards but that option should only be last resort. And if even then.
But say, the Franchise opportunity you are looking at has a proven track record at making money and quickly succeeding, then you can go after investors known as Angel investors. An angel investor or angel (also known as a business angel or informal investor) is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. A small but increasing number of angel investors organize themselves intoangel groups or angel networks to share research and pool their investment capital.
These investors can come from a wide arrange of backgrounds and many are looking to invest certain amounts of money in startups that they think can turn a profit for them in the either the distant or near future.

There is not proven protocol of obtaining money for an original or pre-existing home-based business opportunity. If you idea is original enough and business model sound enough, you may be able to take it directly to a local bank and secure a Small Business Administration (SBA) loan. A Small Business Administration loan is a loan proved by the Small Business Administration(SBA) which is an United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities are summarized as the "3 Cs" of capital, contracts and counseling. But dealing with the Small Business Administration will be another story for another day :)

About MyLoopCard

MyLoopCard is a golf marketing franchise company. Founded in 2007 and started franchising in 2009, MyLoopCard offers a unique way for local businesses to advertise their business with a customized 16-page golf scorecard. MyLoopCard seeks franchise owners that want to be active in their local community, and desire a flexible and family-friendly lifestyle.


Salem Hills on MyLoopCard.com