Starting A New Business Without Relying On Credit Card Debt

Although lending regulations (in conjunction with the ongoing creditor hesitancy this very moment in our nation’s economy) have significantly diminished the ability of residents to apply for a small business loan, new resources have developed over the last few years that could create substantial monetary opportunities through new and exciting methods. All it takes for any nascent entrepreneur to fulfill dreams of a new enterprise would be a little patience and the creativity to think outside of the box. If everything goes well, you may be able to successfully accomplish your funding needs AND save yourself the risk of debt relief for high interest loans should things not go as well as planned.

The most beneficial strategy in which any prospective ownership group could come up with enough money for a serious project would be savings large enough to ensure the hopeful tycoon could afford the initial costs without necessitating any additional loans, but, obviously, this won’t always be a realistic possibility for every single newly minted venture. As the old saying goes, it takes money to make money, and the tidal wave of credit card debt relief applications swamping those few banking institutions that yet exist have tightened restrictions sufficiently to force out the funding claims of yet unproven businessmen and women.

Things grow steadily worse for owners of small companies who decide to improve or expand without their own capital as backing. Under the laws of the federal government, if you try to enlist the clientele of a firm as investors – even through such means as vague advertisements within your place of business – you leave yourself open to charges of violating the statutes erected by the governmental arbiters to prevent securities manipulation. If you were unaware of such restrictions, you’re surely not alone. The state and federal authorities implemented these guidelines to curtail the misdeeds of large corporations bending the ear of a multitude of share holders possessing significant sums, but, depending on the will of the judiciary, they could apply all the same to relatively miniscule operations intending to bolster their fiscal resources and monetize plans.

These boilerplate strictures arbitrating the most socially beneficial way for incorporated ventures to obtain investment capital were by and large formulated just after the Great Depression once legislators first realized the damage that could be done by crafty financiers taking advantage of the new American middle class. Well before the availability of credit card debt by the bucket load left a generation struggling to avoid bankruptcy, the technically legal shenanigans of Wall Street hustlers nudged unknowing men and women without much training in market scrutiny one way or the other with sole intention of bettering their own imminent payday.

However poorly you may rate our latest round of corporate maneuverings, the current gang of investment bankers pales in comparison to the unrestricted malevolence of the shiny suited charlatans who almost brought the country itself down alongside the life savings of the least fortunate Americans, and, while the regulatory fervor may have hindered many grabs for capital from small scale entrepreneurs, the desperate need for a better funding mechanism has finally blended aims with the perfect medium. Internet based community groups and social networks create a sort of instant capitalization for vetted business plans by already interested investors curious about similarly themed local enterprises, and, though the practice is still in its infancy, prospective borrowers sick of coming hat in hand to lenders (and worried about future debt relief) should investigate whatever internet moneys might lay available to fuel their industrial niche or geographic locale.