Free Money (Or Raise Money for Your Business Without Asking Your Bank Manager) by Frederick Pearce
Consider it Free Money! No interest! No monthly payments! How often have you heard experts talking about small and medium-sized businesses failing because they were 'under-capitalized'? But you don't hear too often the remark that failing companies are over-indebted! I suggest that the latter happens far more frequently than the former.

So many new businesses start operating heavily laden with debt. The enthusiastic owners borrow on their house, hock their jewelry, touch their friends, pressure their family, and go through the rigors of a US Government Small Business Administration (SBA) loan procedure, or some other well-meaning sponsored program. Their very first act having opened their doors to the public is to make their first month's loan repayment. Even before the first customer ever sets foot on the premises. Even before the first item is sold and the first tiny piece of profit earned.

The first few months of any new business is tough - many would argue, the first few years are tough. If the burden of debt -or rather the burden of the monthly payments- is too great, a new business will never get out from under the load. We advocate saying Thank you, but No, Thank you, to would-be lenders. You don't need it!

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