Self-Financing

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Self-Financing

The act or practice of using one's own capital to provide funding for a project or company. Self-financing allows the creator of the project or company to maintain control apart from outside influence. It also allows the project or company to grow without debt. It is famously said that Ross Perot established Electronic Data Systems with $1,000 in personal savings. This is an example of self-financing.
References in periodicals archive ?
The new bill is meant to promote higher education and encourage participation by the private sector in setting up self-financed universities in the state.
Approximately 36% of Florida's used car sales in 1997 (not including sales of used cars at new car dealerships) occurred at approximately 2,800 self-financed used car stores.
The authority is expecting to lose approximately 10% of its revenue base by fiscal 2010 as the leases related to APM/Maersk (Maersk) expire and as that entity occupies its new self-financed private terminal facility.
The actor, who scored a critical hit and a Best Actor Oscar nomination with his self-financed and self-directed ``The Apostle,'' also expects to helm the tango feature, which he describes as a combination dance movie and thriller, for his Butchers Run production company.
The initial investment sets in motion Accentia's goal to assist Biovest in becoming a self-financed subsidiary.
However, she says, two major labels are bidding for her self-financed ``Give It to God,'' which she describes as a blend of ``Good inspirational music you can play when you're not feeling so good, tunes you can play when you're happy and want to shout about it, meditative songs .
The details of the spin-off also will be announced later this month, but it is intended that the new Company be self-financed and that current shareholders of Sutura will receive shares in the spin-off company.
Senate in another costly fight pitting a longtime politician against a self-financed businessman.
Summit Partners seeks outstanding management teams that have self-financed their companies to profitability and market leadership in a broad range of emerging growth industries, including healthcare and life sciences, technology, business and financial services, and industrial and consumer products.
Much of Bustamante's donation-packed campaign coffers and Hentschel's self-financed fund went for TV commercial slots not already snatched up by the more widely watched Senate and gubernatorial races in the final weeks of the campaign.
With self-financed campaigns by a pair of mega-millionaires - businessman Al Checchi in the governor's race and auto alarm magnate Darrell Issa in the Senate race - the impact already has been felt.
Issa, a multimillionaire San Diego County businessman who is making his first bid for political office in a self-financed campaign, said he is ``the only candidate who is not running for a better job but for a better America.