(833) 839-2274  157 N State Road 7, Plantation, FL 33317

BlogBlogRaising Capital for Your New Startup Business

Raising Capital for Your New Startup Business

Has the thought of owning your own business crossed your mind? There are many business opportunities out there that you can get into rather quickly. The one thing holding you back may be the initial finances needed to start. There are many ways that you can raise capital to start your own business. Here are a few:

  • Research for grants.

Depending upon the type of business you plan on getting into, there may be grants available to fund your startup. Grants are loans that you do not have to pay back. Of course, there are stipulations or conditions associated with grants, and you must meet them before your business can get an award.

  • Find investors such as friends and family.

Borrowing from friends and relatives can be awkward at times, especially when you need money for your rent or car payment. Those same relatives and buddies may be more inclined to loan you money if they believe in your new business idea. You can offer them a piece of your company, or you can pay them back once your firm is up and running, and making money.

  • Take out a loan.

There are all sorts of loans available for new businesses. The Small Business Administration is an excellent source of information on what loans are available. You can also contact your financial institution for information about borrowing money to start your business. You may find it slightly harder to borrow these days than a decade ago. The financial crisis of the late 2000s has made lenders tighten up their requirements for borrowing.

Another loan option is the car title loan. If you own a vehicle, you may opt for this type of loan since it is simple to obtain and much quicker than conventional loans. You will have a much easier time if your vehicle is paid off, but you can still borrow if you have an existing car loan. You will be able to borrow up to 50 percent of the value of your vehicle, which in many cases is several thousand dollars. Embassy Loans, a leading consumer finance company and title loan company, has helped tens of thousands of customers borrow money for all sorts of purposes over the years. Because car title loans do not require credit checks, many of the loans are completed within an hour. The process is quick, simple, and gives you access to cash that you can use to help get your business off the ground.



Embassy Loans is a leading provider of auto title loans since 2005

Get In Touch

Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

© 2024 · Embassy Loans · Site built by DMA

Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.