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  • Where to get financing?

    Charles created 1 week ago 0 Member · 1 Post
  • Charles

    Member
    August 13, 2019 at 5:34 pm

    Hey everyone, So I am in the process of filing my LLC through an attorney. One if the issues I am running into is capital or financing. So I have about $4,000 worth of assets that I want to transfer from my personal to the business as I have been operating as a person not an entity. Now I have a 9-5 job and my business is a 5pm-11pm and weekends 8-10 hours a day. I just don’t have extra cash laying around (don’t want to touch emergency funds or project money). Given my business will be brand new, I presume I will have to back it with my personal credit. No big deal, but would a 0% interest 18 month credit card with balance transfer options be the best bet, or say a 6-8k small business loan? I forget if these are simple or compound interest. My net profits are $300-500/month which should be enough to cover any repayment (don’t plan to take any withdraws or awhile). – by hq overview PCBudgetSolutions – –

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