Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

Bootstrap Financing.

Bootstrapping is basically a situation where an entrepreneur starts a company with little capital, relying on money other than external investments or loan. An individual is said to be bootstrapping when he ventures to establish and build a company from scratch with personal finances or the operating revenues of the new company.

This method is said to be preferable because it gives the entrepreneur room to grow, without having to worry about paying a debt, and also it eliminates the interest rates that comes with bank loans.

One of the advantages of bootstrap financing is that the business will grow healthy because less money has been borrowed, and therefore, no money or interest rates needs to be relinquished.

Another option to consider is Trade Credit. This is a situation whereby the supplier gives you the option of credit facility, this could be in the form of an extended date for payment of goods. This gives the entrepreneur time to make profits before paying the supplier.

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