Benefit of using VC over business loan for small projects?
Morning! Hope you all had a good Christmas.
Is there is any benefit to using a VC over taking out a business loan for smaller projects (let's say $200k is needed)? Obviously you incur some risk with the business loan, but you get to keep your company. I'm wondering if VC's normally offer support and/or guidance to help grow your business, or if they're strictly buying a stake of your company and nothing more.
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Business credit is readily available to individuals and small businesses who meet the business line of credit requirements. These ranges from $50,000 to $500,000 and may include up to six months of operating expenses, as well as an up-front payment in the event of an emergency. Businesses may use the line of credit for almost any purpose, including equipment purchases (clearance, inventory, repair, etc.), asset maintenance, operating expenses such as rent, HVAC, electricity and maintenance, and capital expenditures. You may look on https://www.nationalbusinesscapital.com/business-loans/small-business-loans/ for more details.