Top 5 Ways to
Finance Your
Business
|Hayden
Holland AZ
About Us
Hayden Holland is a business owner who Co-founded Abacus Bridge Fund to finance
businesses on a short-term basis. Hayden obtained a Certified Financial Planner Degree
(CFP) in 1992 and later on got certification in Kolbe management. From 1994 to 2000,
Hayden was on the board of the AZ Chapter of YEO. From 2002 to 2008, he worked as a
real estate developer in Arizona, Washington, and Oregon. Hayden consulted numerous
businesses that raised capital through private placement transitioning via CNDX. It raised
over $50mill in capital for real estate developments and oil drilling projects, including one
involving Pennzoil in PA. Since 2015, Hayden has been working with Marie Ralston to
grow e-Image Int’l, GearUp Outdoors, and Quest Firearms with Cigar Doors/BluStix.
Currently, you can gain access to financial services and consulting, banking/trust services,
corporate finance.
If you’re an entrepreneur, then chances are the cash flow from your
business will be limited for some time. If your budget is tight, it can be
hard to finance even a primary expense. But it doesn’t have to be this way!
We’ve put together this comprehensive list of ideas and strategies perfect
for funding your business on a short-term basis. Hayden Holland
AZ suggests the top five ways to finance your business.
These ways are:
1. TRADE CREDIT
If you’re unable to get an invoice for one reason or another, you can try
trading credit. Many wholesalers offer trade credit as payment on larger
orders. However, it’s worth asking smaller suppliers, particularly if you pay
on invoice. The risk of doing this is that the supplier might go bust before
they can pay you – but if your business is well-established, they should be
able to afford it.
2. BRIDGING LOANS
Smaller businesses can also apply for a bridging loan from a specialist
lender. Banks rarely lend to companies that cannot explain their cash flow,
so they only offer to lend on specific terms (usually over 12 months).
However, specialist lenders, like Hayden Holland Arizona, work with small
businesses that provide details of their accounts and how much credit is
available. If you don’t want the hassle of writing all your documentation
yourself, you can also use a commercial document preparation service.
3. CROWDFUNDING
Crowd funding is a great way to promote business growth and finance
projects; you raise money, but you also engage with an audience that likes
your idea and believes in your ability to deliver. Many crowd funding sites
will offer loans that you can use for your business and investment, so it’s
worth checking them out if you have time to invest in the process.
4. COMMERCIAL BANK LOANS
It might seem counterintuitive, but the best way to get a business loan
is to need a business loan. If you’re in urgent need of cash, you’re more
likely to convince the bank that your business is viable and that you’ll
be able to pay back their loan. You should also be able to supply bank
statements and other information about financial stability.
5. SELL ASSETS
If all else fails, you can sell assets. That is something that only
experienced business owners should consider doing, as you might have
to pay a premium if the asset isn’t in as good a condition as you
expected. However, it can be the most affordable option. Some
businesses go bust because they cannot raise enough funds to replace
their assets; if this is your situation, sell everything you can. That will
cover your costs and might leave you enough money to restart another
company.
FINAL VERDICT
Hayden Holland is the best choice for you if you want to
fund your business. They are one of the most reputed and
trusted banks in this industry. Give them a call or visit their
website today to know more about their services!
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