Guys, a friend of mine is contemplating selling his car to fund his startup. No one is willing to fund him and banks are not willing to help too. His car is currently his only asset and he's seeking advice to know if he should take the risk. He also said the car has been helpful as he drives it to meetings and other places. Is there an alternative? Or he should go ahead and sell it.
Your advice is needed

Well he has to think the process through, one thing I know is a start up would need constant inflow of funds, if you sell the car and use proceeds from the sale to fund his startup, when next he needs funds where does he source it from?

osato45:
Well he has to think the process through, one thing I know is a start up would need constant inflow of funds, if you sell the car and use proceeds from the sale to fund his startup, when next he needs funds where does he source it from?

Thanks for your input. Is there an alternative for him to get funding?

Webster563:

Thanks for your input. Is there an alternative for him to get funding?

he can look for opportunities that provide grants like this one https://www.nairaland.com/6919765/how-apply-2022-tony-elumelu

Also go through google and this website regularly https://www.opportunitiesforafricans.com/