Читать книгу Start & Run an Event-Planning Business - Mardi Foster-Walker - Страница 45

Many small-business ventures start with the generosity of family and friends. Most often this type of financing takes the form of a loan on trust, accepted in good faith, with no collateral required. There is always a danger in mixing business financing with personal relationships, so this option should be approached with careful consideration; the terms and conditions of the loan should be reasonable and negotiated in a businesslike manner. Have a lawyer prepare a legal promissory note that outlines all the terms and conditions.

Most important, be certain you will be able to pay the money back on time and in full. Before accepting the loan, think about a backup payment plan should the business be unable to repay the debt.