Holicent
VIP Contributor
The first thing to understand is that financing is not the same as borrowing money. It's important to separate the two, because they are often confused. Borrowing money is when you take out a loan from a bank or other lender. Financing is when you get a loan to buy something or pay off existing debt.
When it comes to your business, you can borrow or finance pretty much anything: equipment, buildings and even salaries. You might want to get a line of credit for unexpected expenses like repairs or renovations. Or maybe you want to use your own money to buy inventory at wholesale prices, then sell it through an Amazon Marketplace business account.
You've probably heard about crowdfunding sites like Kickstarter and GoFundMe that allow people who have projects they want to bring to life — from music to films — share their ideas with the world, seeking support from others who believe in them too. If this sounds like something like, that's just another means of financing.
When it comes to your business, you can borrow or finance pretty much anything: equipment, buildings and even salaries. You might want to get a line of credit for unexpected expenses like repairs or renovations. Or maybe you want to use your own money to buy inventory at wholesale prices, then sell it through an Amazon Marketplace business account.
You've probably heard about crowdfunding sites like Kickstarter and GoFundMe that allow people who have projects they want to bring to life — from music to films — share their ideas with the world, seeking support from others who believe in them too. If this sounds like something like, that's just another means of financing.
