STARTUP CAPITAL TO JUMPSTART YOUR BUSINESS

Thus, if you are considering having your own small business, you have to deal with the possible scenarios. 

After having identified a good product or service to sell, you need to find a good market to serve, pinpoint a productive business location, identify competition, hire the right people, and manage your time, especially if you are employed or running the business alone.

But more than that, the biggest initial hurdle would be to raise the so-called startup capital. What exactly is this?

As the name implies, it refers to the money necessary to start or launch a new business. This will cover the rental cost or cost of leasing the space, the acquisition of equipment, and furniture, the initial purchase of stocks and supplies, payment for electricity and water bills, and allocating for the employees’ salaries or wages. 

This startup capital could come from the business owner himself by using his savings or selling some of his personal properties. Yet, depending on the size of the business you envision, your own fund may not be enough.

To deal with this, some would ask for help from relatives and friends to come up with a pool of funds. Although these people often do not ask for equity or interest for their money, you have to pay them “utang na loob,” which could be a “lifetime interest” that you have to pay back.

One could also consider taking up a business loan, but this would require a lot of documents and it takes a longer process to get funding.

But did you know that there is an easier way to obtain start-up capital for your business idea? 

M Lhuillier has financial solutions that can help boost your funds with Quick Cash Loan services. All loans provide the highest appraisal to maximize the fund you badly needed for that business.  You can also renew anywhere while doing secure transactions nationwide.

For collateral, you can use any of your valuable items that include gold and diamond jewelry, cellphone, laptops, tablets or Ipads, cameras, watches, Ray-Ban sunglasses, medical equipment, and even household items such as your kitchenware and home appliances. And did you know that even bicycles, motorcycles and cars can be accepted as collateral?  Check out the branch near you to find out more details on this vehicle loan offer. 

With that timely infusion of that critical startup capital, your business will surely be on the right track to seize that opportunity and bring in revenue.

Sa M Lhuillier, puwede nang maabot ang pangarap na negosyo!

M Lhuillier is the Philippines’ largest and most respected non-bank financial institution. It continues to uphold its promise of being the Bridge and Tulay ng PaMLyang Pilipino with more than 3,000 locations nationwide. It continuously seeks better and innovative ways to serve its community by providing fast, easy, and reliable financial services such as Kwarta Padala, Quick Cash Loan, Bills Payment, Insurance Plan, Money Exchange, Jewelry, ML Wallet, ML Express, ML Moves, and Telco and online TV Loading.

Follow M Lhuillier Financial Services, Inc. on Facebook, or visit mlhuillier.com for more information. For inquiries, contact Customer Care through its toll-free number 1-800-1-0572-3252 or email customercare@mlhuillier.com.