Using the Structured Settlement Process to Start Your Business
Starting a new business can be a great way to leverage existing skills and knowledge about an industry into a long-term source of income, while gaining more control over your career. If you’ve been thinking about forming a start-up or small business, think about this: a down economy can actually be a good environment for a fledgling enterprise.
One reason that some small businesses do well in a down economy is that competition – for customers or employees – can be less intense. And a less-crowded field offers a new business an opportunity to get more visibility in a local market, for those who can get the funding that they need. One way to get that funding is to sell some or all of your structured settlement.
Selling a structured settlement can be an effective way to shore up your business plan with cash. Most start-ups need significant amounts of money for initial investments in equipment, personnel, and everything else they need to thrive. The problem is that many would-be entrepreneurs experience a cash crunch during a company’s early days – and getting funding from banks or other investors is tougher in a downturn.
To get the most out of selling a structured settlement, you’ll need to figure out how much you need for your small business investment. Of course, you’ll want to generate as little cost as possible in terms of fees and paperwork costs. You’ll also need to anticipate some legal processes for selling a structured settlement for your business capital.
Start by shopping around for competitive prices from structured settlement buyers. It also smart to do “due diligence” or thorough research on the firms that will partner with you to achieve a great business funding strategy with a structured settlement lump sum.
CBC is a structured settlement buyer with a reputation for helping clients use structured settlement sales to their immediate advantage, for a business investment or any other reason. Our dedicated team of professionals can help you to get the most out of your plan to sell a structured settlement in order to invest in your new enterprise.
We work to make sure that you get the maximum benefit out of your desired structured settlement sale plan, so that you can operate your business with the cash on hand that you need to generate future growth. Talk to us about cashing out all or part of your structured settlement and opening the doors for your new business.