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Funding a New Business For Dummies
book

Funding a New Business For Dummies

by Marc R. Butler, Eric Butow
April 2024
Beginner content levelBeginner
352 pages
7h 46m
English
For Dummies
Content preview from Funding a New Business For Dummies

Chapter 6

Borrowing Money: Debt Funding Basics

IN THIS CHAPTER

Bullet Understanding what debt funding is and isn’t

Bullet Getting the lay of the land by learning about advantages and disadvantages

Bullet Knowing the types of debt funding options

Bullet Understanding interest rates and repayment terms

Bullet Managing debt responsibly

At first, you may think that borrowing money is a bad idea. After all, you say, that’s contrary to the all-American bootstrapping system that makes small business great!

But hold up there, champ. Debt funding is a common way for business owners to fuel their cars to get to their dream destinations much as debt financing helps people buy cars in the real world. There are several compelling reasons to consider borrowing money:

  • Debt funding gets you access to capital without requiring you to sell ownership interests in the company to one or more people.
  • You have full control over your business while still getting the money you need. (That’s a good definition of win-win.)
  • There are plenty ...
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Publisher Resources

ISBN: 9781394241712Purchase Link