The best thing about living in Houston is the “can-do” spirit of the people who call Houston home. It’s no wonder that recent studies have shown that the citizens of Houston’s personal income growth outpaced the rest of the major metropolitan areas surveyed in the U.S. over the last 10 years by more than 5.00%. Many would attribute this growth to a business friendly government at the state and local levels and some have even boasted that Houstonians simply adapt when the mission to grow income requires “redefined objectives.”
Setting New Objectives
One new objective for many in Houston is to start a home based business to supplement income, replenish losses from weakened retirement nest-eggs, or even to reduce credit card debt. Sounds good but, here’s the problem. How can a new entrepreneur get financing to start or expand a home-based business?
Consider Start Up Financing with Peer Lending
Peer-to-peer lending is one of the fastest growing financing solutions in start up financing because it brings small investors and entrepreneurs together usually on one simple online platform. Here’s how it works. Peer lending is a concept where a few companies around the country use online platforms that allow a borrower to complete a short application online and get a FREE instant loan offer to let the borrower know how much of a loan they can qualify for and at what term and interest rate. The operators of peer lending programs allow many different small investors to aggregate or pool small amounts of money until the targeted loan amount offered to and accepted by the borrower has been achieved. The funds are then disbursed to the borrower by participating bank less any fees that the program operator may charge. The peer loans are completely unsecured and are based on good personal credit and a verifiable income. The interest rates can range widely from near 6.00% to more than 25% based on the credit risk determined from information obtained from consumer credit reporting agencies and other sources. See online video for more insights and details about peer lending…
How to Finance Your Start Up Business
- Organize your business ideas into a business model. Text keyword net30 to 69302 to download a free workbook.
- Get sales training to answer two questions. Who will buy my product or service and why?
- Check your personal credit if you have not done so in the past 30 days.
- Clean up any negative credit information that appears in your credit report.
- Team up with an experienced business consultant, mentor, or coach to help you.
Conclusively, no matter whether the goal is to sell a product, service, or both. Be sure to do your homework and target those who will need, use, and can afford your offerings. Make sure that some of your target customers are a government agencies. Remember, that the government takes in money from the public through taxes, fines, and fees so don’t miss out on selling to the government on credit. Even with looming budget cuts, there are still billions of dollars in spending that will go to savvy small business owners so don’t miss out!