Business Funding

Getting funding for your growing small business or startup is always a challenge.

There are a few different options most owners look at:

• Traditional bank financing – Difficult for startups to nearly impossible. Easier for established profitable companies
• Bootstrap funding – personal credit cards, personal cash funds, maybe some friends and family money
• Angel Funding – usually anywhere from $25,000-200,000, former entreprenuers or wealthy friends/family that help a startup get off the ground
• Venture Funding – Venture capital firms typically look to invest 1 million or more
• Peer to peer lending – Small business owners with good credit can get loans up to $25,000 from places like Lending Club.
• business entity – Finding what entity to start with is the hardest part. This might help
• funding request – Must know’s for any business trying to raise funding
• minority business funding – there is a great deal of assistance for small business owners. Especially if you’re a minority
• preparing a successful funding request – many people can request money, but can you do it in a way where you actually receive it?