9 Ways to Get Capital to Build a Business

If you want to build a business, there are many things to consider. Not only market analysis and ideas, but you also need to prepare capital to start your business. You can take advantage of the best online money loan application supervised by OJK to get money fast. The following is information on how to get capital to build a business.

Using Personal Savings

The first way you can use it as capital to build a business is to use your savings. You can determine and adjust the capital you need with the savings you have. However, make sure you still have money saved to meet your needs, yes.

Borrowing Close Relatives

Well, this second way can be done if you have close relatives such as family and friends who you can borrow money to use as business capital. Of course you have to return the money you borrowed by a mutually agreed deadline.

Applying for Credit to the Bank

You can apply for a loan from the bank to be used as capital to build your business. Usually, banks offer various kinds of credit that you can borrow, both those that use collateral and those that do not. You need to know, loans that do not use guaranteed interest will be higher. You have to estimate your capital needs with the income you will later get to make a credit payment deposit. Make sure you can pay the bank loan installments, okay!

Looking for Business Partners

You can find business partners to build a business together. Well, make sure you and your business partners have the same goals. By having a business partner, you can discuss business ideas, business strategies and run a business together.

Looking for Investors

Well, this way usually you can get bigger funds. The trick, you look for investors who want to provide funds to run your business. Usually you need to make a proposal about your business and you present the business you want to run. If investors are interested, then you will be given the amount of funds you need.

Applying for a Loan Online

You can take advantage of applications that provide services online money lending. Of course you can apply for credit through a trusted application that has been supervised by the Financial Services Authority (FSA), like Akulaku, Kredivo, Indodana, Julo, etc. Through this online application you can earn money easily. It is enough to complete the existing requirements, complete with filling in your data. Make sure you choose the right online money lending application, yes, to minimize the occurrence of fraud.

Government Grants and Subsidies

The next way you can do is register your business in the BPUM BLT UMKM program. Through this grant from the government, you can get 1,2 million rupiah to be used as capital to start a business. However, there are some provisions that you should know, including:

• The business you want to run must be micro, meaning that if it is not micro, it will not receive financial assistance.
• You are not an employee of BUMN/BUMD, TNI/POLRI, ASN.
• Not borrowing money at the bank.
• The maximum assets owned are only 50 million rupiah.
• Annual income is not more than 300 million rupiah.

Selling Assets

If you have assets such as land, jewelry, and so on, you can sell the assets you have to be used as capital to start your business. After the assets are sold, the proceeds from the sale are used for business capital.

Pawning Assets

If you find it difficult to sell your assets, this option can be chosen, you know. You can pawn the assets you have to exchange for money quickly and easily. Types of goods that can be pawned include: jewelry, electronic goods, vehicles, to securities. The amount of money you get adjusts to the assets you pawn.

Make sure you have considered your choice correctly, yes! So that you don't get into debt and your business runs well without being constrained by cost barriers.