Where to get money to start a business from scratch

There are many business ideas that do not require investments. But such projects are gaining the required momentum for a long time and reach the desired profit. How to find sources of financing for more serious and promising entrepreneurial endeavors? We will answer the question of interest to many, where to get money to open a business from scratch.

As practice shows, there are enough ways to get money for a business. Consider the most interesting and relevant sources of investment.

Funding sources for starting business projects

Even in times of crisis, it is realistic to find money to open a business. You should not immediately go to the bank and take out a loan secured by property and with considerable interest - use this option as a backup.

The article will provide proven ways to get money for entrepreneurship from scratch. Do not neglect even insignificant options and use all opportunities. It is best to choose and act immediately in two or three directions to find sources of investment funds.

Personal savings

To accumulate a sufficient amount will require self-discipline and patience. These qualities will be needed in doing business. Having 15 thousand income per month, you can save 5 thousand rubles each - 60 thousand rubles will accumulate in one year. With an income of 20 thousand and a monthly savings of 10 thousand, in a year you will accumulate 120 thousand rubles. This is already enough for a small project.

Find a partner among your circle of friends

Borrowing a decent amount from friends, relatives or acquaintances is very difficult, and sometimes impossible. Make a list of people who may have the necessary finances, call them, suggesting a business meeting. For those who are interested, offer a percentage of the profits in your business for borrowed funds.

In addition to money to start a small business, you have a chance to find a partner with the necessary personal qualities and fresh ideas.

Outside business partner

If among your friends there is no suitable candidate with the required amount of money, then you need to look among businessmen who are ready to invest in new projects. How to reach a potential investor?

Place your ad on Internet sites, newspapers free ads in the headings of business cooperation. They place ads for the sale and purchase of businesses, which provides views only to a certain circle of people. You will find that many investors will be interested in your project.

You will be called by people who want to invest money, vacant premises or land. A significant result is the acquisition of connections with other entrepreneurs. Here it is important to have a ready-made concept, a business plan and the ability to present the material convincingly.

Union of Entrepreneurs

There are unions of entrepreneurs created by real businessmen to jointly solve various problems. They are designed to regulate certain areas of business, support participants, finding ways to solve the obstacles and difficulties that have arisen. Membership in such associations promises certain bonuses.

You can apply to local or all-Russian unions with a request to provide money to start a small business. The leadership of the union will consider the idea, evaluating its prospects and profitability.

Possible conditions for providing money:

• low interest loan
• percentage of income;
• partnership, etc.

If your business plan convinces the management of this organization, then you will be provided with funds from the union's own funds.

Government subsidies

While looking for an answer on where to get money to start a business, few are considering the option of state support. However, in the state program there are many projects for the development of small businesses and support for start-up entrepreneurs.

The state, under certain conditions, provides a subsidy for starting a business. For example, an employment center allocates funds for its own business. The amount depends on the region - from 90 thousand rubles.

The subsidy is not a loan - it is a gratuitous amount that does not require repayment.

Different regions have their own programs for issuing subsidies and grants to start-up entrepreneurs, and it is quite possible to win them. Just study all the existing options and their conditions.

business loan

The amount received from previous sources is not always enough, then contact the bank. This option will help you get large amounts, but the interest for using borrowed funds is high. Reach out to lenders by developing a guaranteed profitable and fast-payback business idea. There are several options for credit programs for entrepreneurs, both for starting new projects and for developing existing ones.

Russian banks provide loans for starting a business if you have a competent business plan, residence permit, income statements and other documents. Examples of loan programs in various banks:

• Sberbank of Russia: up to 3 million rubles, down payment 30%, 18.5% per annum;
• VTB 24 investment loan (with collateral): from 850 thousand rubles, 14.5%, for 10 years;
• Alfa-bank (without collateral): up to 6 million rubles, the rate is 19% per annum;
• Promsvyazbank (without collateral): up to 1 million rubles, the rate is 17-21% per annum.

It is not easy to take a large loan without collateral, since banks are interested in the return of borrowed funds. A loan with a pledge (apartment, house, car, land, etc.) of property is easier to obtain, and its conditions are more loyal. But in this case, you risk your own property.

If you have not been able to get a positive response on a business loan, do not despair. You can apply for a small consumer loan at any bank - this is a quick procedure. You need to collect a minimum package of documents, consisting of a passport, 2-NDFL identification code. There is no need to provide a business plan and go through exhausting approval procedures. The downside of consumer loans is high interest rates and more severe penalties for delinquency.

findings

After going through all the above options, you will select several ways where to get money for a business. Start working with unleveraged points to minimize entrepreneurial risks.