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When to Finance Your Project With Debt?

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发表于 7 天前 | 显示全部楼层 |阅读模式
Choosing debt to finance your project is the best-known financing mechanism. On the one hand, a financial intermediary, often a bank lends us a certain amount of money In exchange,  we agree to repay this amount each month, within a certain period, with additional interest. It is a very widespread method of financing , which does not only concern companies. In which cases should you finance your activity with debt? Debt is a mechanism that has existed for a very long time and which corresponds very well to “ traditional ” activities. By traditional, I mean: Activities whose model has already been tested, and which have existed for many years  : a clothing store, a restaurant, a hotel, a dentist, a veterinarian, a car dealership, etc. Activities that have a recurring and predictable economic model over time.

Banks are interested in stable business models. Example: If you own a restaurant, you will still be making money from customers paying for a meal, even 10 years from now. When you raise a bank debt, you agree to repay it over several years, generally between 5 and 20 years. The banker who lends money will therefore want to be sure that we will be able to Mobile Phone Number generate income during this period to repay the loan. He needs to be reassured and to know how you will use his loan to develop your activity. We therefore understand why it is more difficult to take out a loan for an online activity:  the banker has little history on this type of activity and a less good understanding of the economic model. But it's not impossible – and the story I'm about to tell you shows it! IN DEBT OF €50,000 TO FINANCE A FIRST PRODUCTION OF THEIR PROJECT! LiveMentor is very proud to count among its alumni.



Claudette and Fanny, the two founders of FEMPO. photo of the entrepreneurs who have succeeded in financing their project with debtFEMPO is a brand of washable menstrual panties, available only online, which is a hit. Their success is dazzling:  in their first year of operation, they achieve 1 million euros in turnover. Their first funding? A bank loan of 50,000 euros. At the time, according to their Business Plan , Fanny and Claudette needed funds to finance the first production of their panties: The raw materials cost several thousand euros.  Fanny and Claudette choose to work with French and Italian factories, which require large order volumes.


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