General Accounting

What accounting terms should I be familiar with?

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Answer

  1. 12 Answers

    For a small business, there are several options available.

    Sometimes, the business founder can personally finance or bootstrap to provide funds for the startup. This can include personal bank accounts, investments and funds or liquidation of other assets.

    Credit cards can be a source of financing, but there is some risk in terms of high interest rates and if the business fails, can the credit cards be paid off in a reasonable time period to minimize the finance charges.

    There are different types of loans such as SBA, home equity or lines of credit that could be used if the borrower is credit worthy and has good collateral.

    Other popular funding mechanisms can include investors and crowdfunding.

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