Help for setting up a business

[mukuldev]

I work in a private company and earn Rs. 35000 per month. I and my friend are thinking of starting a business for which I need to invest Rs. 200000 by next month. I have some saving too, what options do I have?

[rennigade]

This isnt a secret. The underpants gnomes from southpark have taught us all how to make money...heres a diagram:

[SethRollins]

loan

I think, Commercial loan is good for you. Before taking this loan, consult with your financial adviser. Read all the terms & condition of loan carefully.

[TexasHusker]

Not much info here so it's difficult to comment. Is the business a franchise? Are there hard assets that can be collateralized?

It can be a shocking little secret that banks don't really lend money per se - especially to businesses. They will lend you money against collateral - real estate and possibly cars - but they don't generally fund business start-ups. The Wells Fargos of the world are principally in business to loan money for cars and houses - things they can re-po when you default.

If your start-up has a lot of hard assets, you might be able to find a bank to do it, provided that you have 30-40 percent of your own skin in the game.

Otherwise, there are private capital companies out there that fund start-ups, but the interest and repayment terms can be untenable.

[ThinkingCapital]

It depends on your particular type of business and various other factors. If you're looking for more info on business financing, this is a good place to start: Business Financing 101.

[TexasHusker]

Looks like the original poster was a drive-by...posted one time and then left the scene.

[parasush]

Starting a New Business

This will really depends on the type of business you're planning to start.

Moreover, I think you should consult your financial adviser and plan accordingly whether to take loan or not or what will be appropriate steps. I will recommend you to take his advice and then proceed further.

[TexasHusker]

This will really depends on the type of business you're planning to start.

Moreover, I think you should consult your financial adviser and plan accordingly whether to take loan or not or what will be appropriate steps. I will recommend you to take his advice and then proceed further.

That guy left this forum right after he posted. Our typing is in vain.

[ygrey]

Even if you are going in for a business loan; do you have enough assets as collateral against the loan. Secondly is it going to be a partnership or a pvt. firm.

You could also raise some funds from your family and friends and give them a piece of the company based on a valuation you see in the near future or just a loan.

[TexasHusker]

Even if you are going in for a business loan; do you have enough assets as collateral against the loan. Secondly is it going to be a partnership or a pvt. firm.

You could also raise some funds from your family and friends and give them a piece of the company based on a valuation you see in the near future or just a loan.

Grandma is an excellent option too. Tell Grammy you'll massage her corns in return for a $100K loan. Works every time.