Challenges in Attaining Bank Finance for Startups
Abstract
All startups need money but managing the money of a startup is an art and at the same times a science also. Availability, spending and investment of money are crucial to a startup. Capacity of startup for allowing the smooth operation and not lacking funds for its operations decides the importance of finance in business. Prior to starting a startup, it is essential to know about the available sources of finance. By analyzing the sources of finance, business will get an idea about from where the money can be obtained. Analysis of other sources of finance is therefore important to every business. In most of the case the first choice for startup entrepreneurs is bank loans. This paper analysis the importance of bank loan for startup enterprise and at the same time the paper highlights the problems faced by entrepreneurs in attaining bank loan..