PRIVATE LOAN FOR START-UP
A private loan for start-up is defined a being a funding facility made available by private investors to help private individuals and entrepreneurs to establish their own business.
A private loan for startup is essentially the basis of financing when creating a new venture as normally entrepreneur have initially good ideas but no capital at their disposal.
A private loan for start-up is also necessary as leverage to obtain further funding form banks in case the entrepreneur is not able to provide with sufficient initial capital injection.
A private loan for startup can be obtained either directly through private lender but also indirectly through private investors who lend money to startup entrepreneurs via crowdfunding platforms.