Vendor Financing
Try this unusual source of funding for your business.
Looking for financing? Consider an unexpected source–your vendors. Vendors may be willing to give you the capital you need, either through a delayed financing agreement or a leasing program. Vendors have a vested interest in your success and believe in your stability, or they wouldn’t be doing business with you. Before entering any agreement, however, compare long-term leasing costs with short-term loan costs; leasing could be more costly.
Excerpted from Start Your Own Business: The Only Start-Up Guide You’ll Ever Need
Looking for financing? Consider an unexpected source–your vendors. Vendors may be willing to give you the capital you need, either through a delayed financing agreement or a leasing program. Vendors have a vested interest in your success and believe in your stability, or they wouldn’t be doing business with you. Before entering any agreement, however, compare long-term leasing costs with short-term loan costs; leasing could be more costly.
Excerpted from Start Your Own Business: The Only Start-Up Guide You’ll Ever Need
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