4 PC Repair Business Startup Funding Ideas (Slides)

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4 PC Repair

Business Startup

Funding Ideas

http://blog.sphomerun.com/

SPHomeRun.com Sponsored by HowToStartAnITBusiness.com

Any Business

Needs Cash

to Get Started

http://howtostartanitbusiness.com/


Are You Opening

a Storefront?

Or Will You be

Working From

Home?



Do You Need to

Stock Up on Parts?



How Much Cash

Do You Really Need

to Get Started and

Where will You

Get it From?



This Article

Will Show You

4 Possible Ways



to Get the Cash

You Need to Start

Your Business:



Your Personal

Savings


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What Can

You Afford to

Contribute From

Your Personal

Savings?

Sponsored by HowToStartAnITBusiness.com


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If You Put Too

Much Pressure

on Your Personal

Financial

Situation,



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You’ll Risk Losing

Your Business

Productivity



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Home Equity Loans

or Lines of Credit



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Do You Have

Equity in Your

Home That You

Can Borrow

Against?



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A Home Equity

Loan or Line of

Credit is a Fairly

Simple Way



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to Obtain Cash

for Your PC Repair

Business



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You Must Have

Two Years of

W-2 Income to

Show the Bank,



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So They are

Comfortable

With Your Ability

to Repay



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Rates are Very

Reasonable But

Just Take What

You Need



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You Don’t Want

to Risk Losing

Your Home



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Credit Card Cash

Advances or

Balance Transfers



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Many Credit Cards

Today, Business

Cards and

Personal Cards,



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Offer Balance

Transfers



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You Must Have

Excellent Credit

to be Eligible



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With Some

Balance Transfer

Offers, You Can

Take at Least Half,

if Not Almost All,



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of Your Available

Credit and Have a

Check Sent to You



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Some Credit Cards

Offer Rates as

Low as 0% with a

5% Transaction Fee



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There are Time

Limits on These

—Typically

Six Months

to Two Years



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And Once the

Time Limit is

Reached,



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Your Rate will

Go Back Up

to Your Normal

Purchasing APR



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Loans from

Friends and Family



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Are Loans From

Friends or Family

a Good Idea?



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You Have to

Make Sure You’ll

Have the Ability

to Repay the Loan



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Think About

How Involved

Your Friend or

Family Member

Will be



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in Your PC Repair

Business



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Are They Coming

in as a Financial

Partner?



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How Much Say,

if Any, Should

They Have in

Your Business?



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Make Sure that

You Have an

Agreement in

Writing



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You Can Hash Out

All the Details

to Minimize or

Eliminate

Misunderstandings



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The Bottom Line



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Any New PC Repair

Business Will Need

Cash to Get Started



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Look to These

Ideas to Help You

Decide the Best

Course of Action

for Your Company



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Make Sure You

Have the Ability to

Repay Your Debt



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Have You

Borrowed Money

to Start Your

PC Repair

Business?



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Did You Choose

One of the Paths

Discussed Here?



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Please Share

Your Thoughts

in the Comments

Box Below



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Recommended Reading:

How to Start a Computer

Consulting Business 6 Proven Ways to

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4 PC Repair Business Startup Funding Ideas (Slides)