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Do all businesses need loans??

Discussion in 'General Business' started by newera, Jul 22, 2010.

  1. KevL

    KevL Peon

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    #61
    Ahh OK I agree in that case ;)
     
    KevL, Sep 14, 2010 IP
  2. mdvaden

    mdvaden Active Member

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    #62
    In my case, I started with a few thousand of my own dollars, and some small equipment already owned.

    I rarely buy on credit. But its handy. Say I need to hire 3 temps, have the money, but prefer to just pay the bill the next week. That's where some credit helped.

    So maybe you could start with your own funds, but take one small loan that you don't need for one purchase. Maybe $500 or $1000? Then pay it off the next month.

    But if you can start now without having to rely on a loan, I think that's the way to go.
     
    mdvaden, Sep 14, 2010 IP
  3. Dreamconcepts

    Dreamconcepts Peon

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    #63
    Sell articles and material at first. That's how I did it.
     
    Dreamconcepts, Sep 14, 2010 IP