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Start-Up Funding Options Available
FinanceFactory
subscriber Posts: 1 Member
Hello all - wanted to share the 3 most common ways we help fund start-ups and acquisitions of small businesses:
1) Unsecured loans. These can go up to 300k on 3, 5 or 7 year terms - rates are fixed about 6% to 12%, on average. There is no down payment or collateral required, also no early pay off penalty. Must have 700+ credit score, or a co-signer with 700+ scores.
2) Business credit cards. Goes up to 150k with most lenders offering 0% interest for the first 6 to 18 months. There are ways to get cash off the accounts without increasing your interest rate. Must have 700+ credit score, or a co-signer with 700+ scores.
3) Business directed retirement account (BDRA). Tap into an old retirement account tax and penalty free for the use or starting, growing or purchasing a business.
I have been assisting start-ups for 7+ years, and am happy to chat with anyone looking for start-up funding, or with clients that may be seeking start-up funding.
Thanks,
Sam Tiburzi with Finance Factory. 240-345-3314 | sam@financefactory.com