4 pc repair business startup funding ideas (slides)

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4 PC Repair

Business Startup

Funding Ideas

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Any Business

Needs Cash

to Get Started

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Are You Opening

a Storefront?

Or Will You be

Working From

Home?

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Do You Need to

Stock Up on Parts?

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How Much Cash

Do You Really Need

to Get Started and

Where will You

Get it From?

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This Article

Will Show You

4 Possible Ways

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to Get the Cash

You Need to Start

Your Business:

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Your Personal

Savings

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What Can

You Afford to

Contribute From

Your Personal

Savings?

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If You Put Too

Much Pressure

on Your Personal

Financial

Situation,

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You’ll Risk Losing

Your Business

Productivity

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Home Equity Loans

or Lines of Credit

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Do You Have

Equity in Your

Home That You

Can Borrow

Against?

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A Home Equity

Loan or Line of

Credit is a Fairly

Simple Way

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to Obtain Cash

for Your PC Repair

Business

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You Must Have

Two Years of

W-2 Income to

Show the Bank,

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So They are

Comfortable

With Your Ability

to Repay

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Rates are Very

Reasonable But

Just Take What

You Need

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You Don’t Want

to Risk Losing

Your Home

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Credit Card Cash

Advances or

Balance Transfers

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Many Credit Cards

Today, Business

Cards and

Personal Cards,

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Offer Balance

Transfers

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You Must Have

Excellent Credit

to be Eligible

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With Some

Balance Transfer

Offers, You Can

Take at Least Half,

if Not Almost All,

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of Your Available

Credit and Have a

Check Sent to You

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Some Credit Cards

Offer Rates as

Low as 0% with a

5% Transaction Fee

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There are Time

Limits on These

—Typically

Six Months

to Two Years

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And Once the

Time Limit is

Reached,

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Your Rate will

Go Back Up

to Your Normal

Purchasing APR

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Loans from

Friends and Family

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Are Loans From

Friends or Family

a Good Idea?

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You Have to

Make Sure You’ll

Have the Ability

to Repay the Loan

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Think About

How Involved

Your Friend or

Family Member

Will be

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in Your PC Repair

Business

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Are They Coming

in as a Financial

Partner?

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How Much Say,

if Any, Should

They Have in

Your Business?

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Make Sure that

You Have an

Agreement in

Writing

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You Can Hash Out

All the Details

to Minimize or

Eliminate

Misunderstandings

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The Bottom Line

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Any New PC Repair

Business Will Need

Cash to Get Started

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Look to These

Ideas to Help You

Decide the Best

Course of Action

for Your Company

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Make Sure You

Have the Ability to

Repay Your Debt

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Have You

Borrowed Money

to Start Your

PC Repair

Business?

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Did You Choose

One of the Paths

Discussed Here?

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Please Share

Your Thoughts

in the Comments

Box Below

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