At the start of the pandemic, many people lost their jobs and consequently began small businesses. Most of these ventures involved selling food or essential goods. Every day, many people promoted or offered their products for sale.

In essence, starting a business is always in demand. This field attracts not only those who choose to become dedicated entrepreneurs but also office workers looking to increase their income. In fact, some employees earn more from their side businesses than from their primary salary.

Business Capital Options

In truth, anyone can start a business. However, many are still afraid of losses or confused about where to find business capital. Don’t worry—business capital can come from various sources, including:

Personal Funds

The money you have can be used as your business capital. It could come from savings, monthly salary, or proceeds from selling items. Even if it’s not a large amount, it can be enough to launch a small-scale business that matches your budget.

By using your own funds, you also get to keep all the profits. That’s fair, since the capital came from your own pocket. On the flip side, if the business incurs a loss, you’ll bear it alone.

Family or Friends

If your personal funds are not enough, you can seek additional capital from family, friends, or colleagues through a joint business venture. This involves inviting them to invest capital, thereby increasing your total funding. Any profits generated can be distributed according to the agreed terms.

Read: 6 Things to Consider Before Applying for an Online Loan

Investors

Technically, anyone who puts capital into your business is considered an investor. They provide the funding needed to start, expand, and grow the business. All you need to do is run the business. The financial support from investors can be used for various needs such as renting space, purchasing raw materials, paying staff, and marketing.

Often, investors also mentor you on how to grow your business. Plus, you share the business risks with them. However, when the business generates profit, the investor is also entitled to a share of that profit.

Venture Capital

There are also institutions specifically designed to provide capital to new companies that show good potential—these are called venture capital firms.

Venture capital firms are entities that invest by providing funding or injecting capital into a business for a certain period.

The investment amounts are usually substantial, but they typically choose businesses with high growth potential.

Banks or Other Financial Institutions

Banks offer various types of loans for different needs, including housing, business, and vehicles. Many entrepreneurs use loan products to start or grow their businesses.

It’s no surprise that business loans have greatly helped MSMEs grow. Capital is no longer a barrier to running a business, because there are many ways to access it.

Unlike savings accounts that earn interest, loans require borrowers to pay interest to the bank. The interest rates, loan amounts, repayment terms, and other requirements vary by bank. It’s important to use loan products wisely and ensure timely repayments.

Read: List of Collectibility Status from OJK, from Smooth to Bad

Neo Loan Working Capital Loan from Bank Neo Commerce

If you’re ready to start a business but lack the capital, Neo Loan from Bank Neo Commerce could be the solution.

Through the neobank app, you can easily apply for a working capital loan to meet urgent financial needs. Neo Loan in the neobank app is safe, as Bank Neo Commerce is licensed and supervised by the Financial Services Authority (OJK).

Not only is the process practical, but it also offers a fast and easy loan application experience—all within the neobank app.

Advantages of Neo Loan 

• Unsecured loan (no collateral)
• High loan limit up to IDR 25,000,000
• Easy loan application process
• Safe and reliable, as Bank Neo Commerce is licensed and supervised by OJK
• No hidden fees or interest charges
• Quick approval and disbursement
• Flat daily interest starting from 0.06%
• Loan terms ranging from 61 to 365 days

3 Easy Steps to Apply for a Loan

1. Fill in your personal data
2. Get your credit limit
3. Submit a disbursement request

Application Requirements

• Aged between 21 – 50 years
• No history of late payments or currently overdue loans

How to Apply for a Working Capital Loan with Neo Loan

1. Open the neobank app
2. Select the “Neo Loan” icon
3. Click “Apply for Loan”
4. Verify your ID (KTP) and complete your personal data
5. Review the Terms and Conditions
6. Click “Apply”
7. Complete facial verification
8. Your loan application will be processed
9. Once approved, the funds will be immediately disbursed to your main account in the neobank app

If your loan application is approved, the funds will be directly available in your main account within the neobank app. Use the money to finance your business and make the most of it. However, it’s important to stay committed to making your loan payments on time to avoid financial issues.

Just remember—business finances don’t settle overnight. Once you receive capital, the process continues as long as the business is running. You’ll encounter changes and unexpected situations, so you need solid financial preparation—not just focusing on profit and loss.

Download the neobank app PlayStore or App Store now and apply for a Neo loan!

For complete information and terms & conditions regarding Neo Loan, visit the link https://s.id/webneoloan & if you want to apply for Neo Loan, click the link https://s.id/neoloan

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PT Bank Neo Commerce Tbk is licensed and supervised by the Indonesia Financial Service Authority (OJK) and Bank Indonesia (BI), and an insured member of Deposit Insurance Corporation (LPS).