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Is Bank or Investor Funding Right For Your Business?
Opinions expressed by Entrepreneur contributors are their own. If you’re starting a business or thinking about starting one, chances are you have thought about how much money you need to get started. You may also realize that you don’t have sufficient capital on your own to get started. So, what do you do? Fortunately, there are many ways to obtain outside funding to help you get started. Funding options usually involve one of two concepts. One is a loan (i.e., debt), in which the lender makes its money by you paying the loan back with interest over a term or a specific period of time. The other is an investment…
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GlossGenius Raises Another $16.4M in Funding for its Business Management Platform for the Beauty and Wellness Industry
The pandemic has changed the way that most organizations approach their businesses with a rapid acceleration in digital adoption across most industries. Beauty and wellness businesses are no different. Customer engagement aided by technology is absolutely necessary as is a streamlined workflow. Gloss Genius is an all-in-one platform for beauty and wellness business owners to launch, operate, and maintain their businesses. The platform offers a suite of services that handle common tasks such as scheduling, payments, client engagement, and analytics. Users of the SaaS platform have a holistic view of the entire business through the centralized solution replacing the paper and pencil paradigm that many in the industry have been reliant upon. …
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Funding Alert: U.S. Treasury Quietly Unveils Details on a New $100 Billion Small Business Aid Program
Just when you imagined all of all those compact enterprise help programs were being in excess of. The U.S. Section of Treasury this week posted steerage for its freshly reauthorized Point out Compact Small business Credit Initiative (SSBCI), which is a federal tiny enterprise aid program which is been all around due to the fact 2010 but is established to be replenished by the $1.9 trillion federal coronavirus reduction stimulus offer enacted in March. This newest iteration of the method is envisioned to kick off with a new tranche of $10 billion in funding as shortly as following calendar year, nevertheless the correct timeline of when firms can see these funds will range by state. Treasury estimates…
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Positioning your tech startup business idea for funding opportunities
Have you viewed as why pretty much all the excellent tech enterprises we know and listen to about now ranging from Facebook, to Google, Yelp, Stripe, Flutterwave, Applle, Amazon, Jumia, Paystack, Doordash, WhatsApp and Uber to point out a several all sought out funding and nevertheless search for out funding? The cause is not farfetched as the proper funding is fantastic leverage especially when you have clearly earmarked what to do with similar in pursuit of that fantastic enterprise. In addition, your company funding method needs some paperwork inclusive of a pitch deck (an abridged business enterprise approach variation), and an expenses sheet among the other requirements. Your small business…
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The Pros and Cons of Leveraging Home Equity for Business Funding
There are quite a few costs to consider when setting up or increasing your enterprise, from leasing home and paying for gear to choosing and teaching employees. For numerous business house owners, leveraging home fairness for business enterprise funding is an appealing choice, no matter whether via an SBA personal loan, a house equity company financial loan, a home equity line of credit score (HELOC), or a residence equity expenditure — a fairly new selection out there in many states that, in contrast to other alternatives, does not call for using additional debt. Each individual option has professionals and downsides, and organization homeowners will want to assume carefully about their unique existence…
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