Banks are ready to finance e-comerce!

[hassen1]

After years of very visible emphasis on retail Business-to-Consumer (B2C) opportunities, Financial Institutions (FIs) of all kinds are waking up to the fact that core groups of profitable business customers now want and need financial products delivered electronically, supporting their own and their trading partners' e-business activities. Rather than allow fast-moving technology upstarts to usurp their traditional role, FIs are zealously embracing new products, developing others, and covering their bets with investments in competing products and firms so they won't be left at the starting gate.

At stake is their piece - commissions, fees, and point spreads - of overall B2B spending. And FIs aren't being shy about grabbing for as much as they can get. It's too early to declare any winners. But the next 12 to 24 months are critical in determining which FIs, applications, and technology providers will lead.

[misteralan]

Tell me how do we get on that? I've never found a bank who really is serious about funding ebusinesses before. Getting any sort of financing is just about impossible!

[humpty]

i've never heard of a bank financing e-businesses too, but i guess if you register a company n such, it'll work the same as brick n mortar business, just consul a bkn and do the paper work, i'm sure it's pretty much similar

[mini_0]

No , I think in a country like india it is very difficult to get a bank to finance your e-business . Although , if you can convince them with some very big projects and proofs they might be only a slightly interested but , on the whole it is really hard nut to crack. I think it is better here to go with other finance your e-business. The truth is there are a variety of ways to finance a new business and which way is best for you depends totally on your product, your market, your financial requirements, your burn rate, and most importantly, your personal and financial situation.