Debt Financing and Equity Financing for Businesses Seneca SC

Looking for Debt Financing and Equity Financing for Businesses in Seneca? We have compiled a list of businesses and services around Seneca that should help you with your search. We hope this page helps you find Debt Financing and Equity Financing for Businesses in Seneca.

Mr. Jesse E. Wright Iii, CFP®
(800) 825-4924
P. O. Box 1809
Seneca, SC
Firm
Wells Fargo Advisors
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Retirement Income Management, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Mr. Robby Thomas Bryant, CFP®
(864) 886-9766
1215 Cane Creek Dr
Seneca, SC
Firm
Magnolia Financial Planning Se

Data Provided By:
Mr. Albert M. Campbell Jr., CFP®
(864) 654-3121
PO Box 658
Pendleton, SC
Firm
ACI Financial

Data Provided By:
Bank of America - Highway 123
(864) 882-0032
1313 Sandifer Blvd
Seneca, SC
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed
Drive Up Hours
Monday 8:30-5
Tuesday 8:30-5
Wednesday 8:30-5
Thursday 8:30-5
Friday 8:30-6
Saturday 9-1
Sunday Closed

Wells Fargo - Seneca Main
(864) 885-5600
301 E Main St
Seneca, SC
Type
Branch
Office Hours
Mon-Wed 08:30 AM-05:00 PM
Thu-Fri 08:30 AM-05:30 PM
Sat-Sun Closed

Mr. Richard Jon Dobler, CFP®
(864) 885-5604
301 East Main Street
Seneca, SC
Firm
Wells Fargo Advisors

Data Provided By:
Mr. Alex Vassey, CFP®
(864) 718-0600
140 Bountyland Rd
Seneca, SC
Firm
Financial Dynamics
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, General Financial Planning, Insurance Planning, Investment Management

Data Provided By:
Mr. Albert M Campbell Iii, CFP®
154 Exchange St
Pendleton, SC
Firm
Probity Advisors, Inc.
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
SunTrust Bank
(864) 886-8727
115 Rochester Highway
Seneca, SC
Type
ATM, Branch, In store Branch, Weekend Hours
Office Hours
Monday: 10-7
Tuesday: 10-7
Wednesday: 10-7
Thursday: 10-7
Friday: 10-7 Weekend: Sat 10-4

SunTrust Bank
(864) 882-7440
1439 Sandifer Boulevard
Seneca, SC
Type
ATM, Branch, Drive-Thru
Office Hours
Monday: 9-5
Tuesday: 9-5
Wednesday: 9-5
Thursday: 9-5
Friday: 9-6 Weekend:
Drive Up Hours
Monday: 8:30-5
Tuesday: 8:30-5
Wednesday: 8:30-5
Thursday: 8:30-5
Friday: 8:30-6 Weekend:

Data Provided By:

Debt Financing and Equity Financing for Businesses

There are several advantages as well as disadvantages to debt financing and equity financing, and while not everyone understands the differences, they need to be understood.

The first type of financing to look at is the most traditional, called debt financing. In simple terms debt financing means that you have loans for money that you do not have, this is why it is called debt, because you are in debt. Whether you owe this money to a bank, individual company, or even an investor you are under an obligation to repay the debt.

Some of the advantages to debt financing are that you are able to stay in control of your business. You are who decides what money is spent on, whom to hire, what hours of operation and everything else associated with your business. Another advantage is for your tax purposes. Simply put any money that you spend on interest rates you can deduct on your taxes. Depending on the amount of interest you are paying, this can be a huge tax saving.

One of the biggest disadvantages of debt financing is that too much debt can cause your business to look risky, or even unstable. While this is the most desired type of financing, you must ensure that your business is capable of making all debt payments on time.

The next major type of financing is called equity financing. This means that you are trading a piece of ownership of your business for money. This method is most often associated with angel investors and venture capitalists. One of the biggest advantages to equity financing is that you do not have to repay the debt in any way - you do not have to make a monthly or balloon payment to give money back to the investor. As long as your business is making money your investors are happy.

Another advantage is that your investors may be able to help you get debt financing. With the funding coming from several sources, you could give up less of your business and still get the funding you need. In addition, the investors may be financing other companies that can help your business out. Most reputable investors will only associate with reputable companies, so having a reputable investor helping your business automatically gives your business a bit of an edge over some competitors.

The disadvantage with equity financing is that you are giving away partial ownership of your business in exchange for money. This means that you are no longer the only person in charge of making decisions such as pricing, employees, merchandise, and suppliers. You will also need the other owner’s signature in order to apply for bank accounts, credit cards, as well as other forms of debt financing. One of the worse scenarios that can come from equity financing is that you end up being forced out of your business. This is generally caused by disagreements where the parties are unable to work together, and someone must be bought out. Typically, the party bought out is the one who originally started the business, simply becau...

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