If you’ve ever thought about starting your own business, you’re not alone. According to a recent survey conducted by Internet hosting company GoDaddy , one in three people plan to start their own business within the next ten years.
For some, it’s the freedom of being their own boss, setting their own hours, and taking the credit for the hard work they put into their business. Others might have an idea for a company they think could make them a lot of money, or improve the lives of their loved ones.
There’s millions of people with ideas, constantly dreaming about what would make the perfect business or company. That’s why every year more than 600,000 people make the decision to go into business for themselves.
You have an idea for your business, and you’re ready to take the next step to turn that idea into a reality. All you need is some funding.
Alternatives To Business Loans
Banks and other financial institutions offer loans for would-be entrepreneurs who need money to start their business. For a lot of businesses owners, they’re an attractive option because it’s generally a lot cheaper to borrow from a bank than it is to pay for something with a credit card.
However, if you have other ways to get the money you need, getting a loan could be more trouble than it’s worth. Banks often require business owners to give them a detailed plan on how the business will be run before they allow money to be borrowed. A loan also means paying the bank back for years, with interest.
Many entrepreneurs want to avoid going into debt, and decide to only grow their business when they have the money to pay for it straight from their bank account. In startups, this is known as self-funding, or bootstrapping. You start your company small, and then build it using the money you make. You grow slower than you would if you had a loan, but it’s debt-free growth.
However, if you have a structured settlement or annuity, you have another funding choice. You can self-fund your business while giving your idea the money it needs to grow. Unlike a loan, there’s no credit check to worry about. It’s your money. You should get to spend it the way you want. At Peachtree Financial, we’re here to give you options.
More Options for Funding Your Business
You want to go into business for yourself because you’re tired of having someone else tell you what to do. You have an entrepreneurial spirit that working for someone else just can’t satisfy. You have a vision for your company, and no one knows better than you how best to achieve it. You can sell your future payments to Peachtree Financial, and we’ll give you a lump sum of cash you can use to build your business the way you want.
After answering a few simple questions about your structured settlement or annuity payments, our experienced representatives will make an offer on them that gets you the cash you’re looking for. We’ll walk you through our process, and answer any questions you have about it. The money you need to turn your business dreams into reality could be the money you already have. To learn more, give us a call today for your no obligation quote.
Peachtree Financial does not provide legal, tax, or financial advice. Please contact independent professionals for those services.