Starting a business is not simple because you need a capital to start even in a small business. What is good is with the help of financial services like banks, financing company and others you can start a business without too much worried about your starting capital. You can have a loan to those financial services company with collateral like house and lot, car and others. Financial services is not only for loan services, actually they offered other services like accepting deposits, providing commercial loans and real estate loans.
In my case to start my small business the videoke machine rentals, I avail the loan service to one of the financial services in specific the cooperative extended me a capital in a form of loan. As I go to open another business I also need more additional capital to start an agribusiness I look for other financial services to provide me money to be used for a capital and what I deed is to have another loan with the banks.
Financial services are those who provide finances, it is a range of business that manage money like the finance industry to be specific banks, credit card companies, insurance company and many more. The services offered by the financial services are very useful and important to the economy. They are the financer and every business needs to have money in order to survive.
Personally I am very thankful to the financial services because without the financial services my business is nothing. Without the bank, financing company, credit company life and business is difficult. Financial services are very important in the economy therefore help them to exist in order to continue their services by paying your debt regularly to have a smooth business with the company that provide financial services.