Finding the online Business Loan in India Has never been a simple task . Much less so now, in an economy that presents a very poor growth and stagnation of consumption rather than prolonged. Framed in a context of global crisis, setting up a business and even more finding the necessary financing to carry it out, it is presented as an almost titanic task, with many uncertainties and very few certainties.
If we were to make a ranking of those instruments, ordered according to the possibility that they will finally finance us, we would find ourselves in a scenario very similar to the one described below.
- Ask the bank for a loan
Going to the bank to ask for an online Business Finance from many companies such as Indifi has become the norm for more than 80% of small businesses, compared to just under 50% that register their credit requests in other European countries.
- Exchange of services
The exchange of service or bartering involves reaching agreements with other companies in a relationship in which everyone theoretically wins. Although it is not a direct financing method, it is true that it helps reduce fixed costs and can sometimes represent a very important saving for companies that embark on a relationship of this type .
- Negotiate an advance
If we are lucky enough to find an important customer before even launching a product, we can negotiate with it an advance that allows to launch online business loan.
Count on clients who count on us for our image, the trust they have in us, the quality we have shown on previous occasions, etc. is key so that some of the best can remain as customers for a long time, but can become a recurring way of financing our activities.
- Start-up incubators and accelerators
If our business model is comparable to a start-up philosophy (intensive use of technology, scalable, etc.) it is likely that the place where we are most interested in being in the first place is in an incubator or a business accelerator. Firstly, they will help us to shape our business idea into a reality and in the second, we will have mentoring and probably external financing to be able to attack the market with certain guarantees.
- Present the project to venture capital companies
If a company can demonstrate that it is scalable and can generate profits in the short-medium term, it may be interesting to start knocking on the door of certain venture capital funds.
- Present the project to a local Business Angel
Presenting the project to a local business angel is very similar to doing it in front of a venture capital company . The main difference is that theoretically the angel investor has a social commitment to the community in which he finds himself. They are usually successful entrepreneurs or investors seeking the development of entrepreneurs who are within their area of influence.
- A crowd funding campaign begins
The equity crowd funding can become a great alternative when providing instant Business Financing. It allows any small investor to bet on the company, backed by the transparency and generally the quality of this type of platform.
- Grants and subsidies
Although public administrations do not usually finance business projects directly, they do implement different grants and grants that allow the financing of projects that meet certain requirements. They are usually benefited by this type of subsidies innovative projects, betting on new technologies, which want to internationalize or represent a competitive advantage in any of the areas that the administration wants to promote at a certain time.
- Friends and family
Resorting to family and friends has become one of the first options considered by all those who want to embark on the business adventure.
Bootstrapping is a term from English that refers to starting something with no resources or very few resources. In the area of business, then, means to exercise some entrepreneurial activity with little or no capital, that undertake only with the means that are available.