While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Whether you're starting a limousine business or expanding one, sufficient ready capital is essential. This section will help you find the articles and resources you need to start your limousine service.

Not All Money Is the Same. There are two types of financing: equity and debt financing. When looking for money, you must consider your company's debt-to-equity ratio - the relation between dollars you've borrowed and dollars you've invested in your business. The more money owners have invested in their business, the easier it is to attract financing.

Equity financing is 3rd party investments into your company and often comes from non-professional investors such as friends, relatives, employees, customers, or industry colleagues. These investors will only see a return on their investment if you are successful.
How to Borrow Money from Family or Friends

There are many sources for debt financing: banks, savings and loans, commercial finance companies, and the U.S. Small Business Administration (SBA) are the most common. These loans will need to be repaid regardless of your success.

For the most part, limousine startups need money for vehicles. While leasing a vehicle continues to offer certain tax advantages, low interest rates can make financing attractive. Here are some articles from LCT Magazine to help:
How to Master Financial, Credit Management by Neil Weiss
Financing vs. Leasing by Denise Kano
How to Buy a Limousine Today by Jay Seidel and Denise Kano
Strategies to Reduce Your Tax Bill by Mark E. Battersby