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How Do I Gain The Capital I Need To Start My Own Company?

I have the foundation of what I want to do (open my own collection agency). I have potential customers waiting. I have the experience to get this done, and at least two people so far willing to take and chance and work with me. What I don't have is the money to get this going. My credit is slowly repairing from a Bankruptcy (2yrs ago). I currently work for a gentleman running the same kind of company, but he is doing it all wrong. Family and friends can't help. Ideas?

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    Well there are many ways by which you can gather or gain the capital for starting your own business. First of all you should determine that what kind of business you want to start or at which level you want to start your business. If you going to start your business from the beginner level which means  you are starting a small business so it require less capital for starting up the business. So you can borrow from the bank this is the first source of business for you. But I would recommend you that you should not seek the loan from the bank but you have to repay a lot of interest to the bank. So for small business you should not start your capital with the bank loan.

    So there are some other ways you can try in order to generate capital for you business you can pledge your property for the bank for the specified period of time and can take loan from the bank. You can check that if there are some financial institutions which are providing you loan for starting your business then it is good for you. You can also borrow money from your friend which is good for you.
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    N0pk4 

    answered 3 years ago

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