Seeking outside financing can be a difficult time in any Business Owner’s life. Figuring out how much you need, where to get it and how much you even qualify for, can seem like daunting questions at first. We here at FullTimeFunding, have found it best to start by making a list and asking yourself the following questions:

What Do I Need The Money For?
Where Else Can I Get The Money I Need?
Will I Be Able Afford The Payments?

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What Do I Need The Money For? Is this something you can purchase on credit, or is cash needed? It is something you can save for, or is it needed to continue business? Looking at where the money is going, often helps you decide where to get it from.

Where Else Can I Get The Money I Need? How fast do you need to have access to capital? Have you looked in to both Collateralized and Uncollateralized options? Viewing a variety of different products and lending sources, allows you to see what options are available to you.

Will I Be Able Afford The Payments? A common concern about taking a loan, is the overall cost. Weighing both the short and long-term benefits will give you a better understanding of how financing may be able to help. Always consider what immediate problem the money fixes and how that can help your business grow in the future.