*This post is written for rebuild.org*
Earlier this year I have attended a course for entrepreneurs. I’ve learned quite a lot in term of where to look for loans for start-up business, the expansion option and all the regulations when it comes to government matters. But there is no such thing as loans for SOHO business owner. They want to make sure that I at least rent a shop lot unit and run my business from the shop in order to qualify me for any business loans offered by the government.
I think in my case what I could do in order to get more capital for my craft business is to apply for personal loan. Of course once I tied myself to another financial commitment like that it will be another burden to think of day and night. Not to mention that I will have mortgage loan to think as well in another year or two as we are planning to buy this house that we have been living in, but hopefully that will be settled by Hubby.
For those who have taken mortgage loans with higher interest rate before, perhaps it’s best if you look around for refinance option. I’ve been thinking of doing that for my existing car loan but till now I still couldn’t find the best rate.
Wouldn’t it be nice if money could grow on tree..or my father is a super rich man who can give me loan without paying a single cent back..heh!
