Whether you've been in business one week or five years, an infusion of funds is always welcome. But what type of financing is best for your business? There are so many factors to consider--from the stage of your business to how much it'll cost to get the money--that just choosing a path to follow can be overwhelming.
To help you get your head around the different ways you can finance the growth of your business, we've compiled mini-guides that cover the basic information on many different financing sources. Read through our guides to learn the basics, and then start hunting!
How to get your business off the ground with cash from several startup sources.
Equipment leasing can help you grow your business when you are short on cash.
If your business in an economically distressed area, this special funding source could help you find money for your business.
Need a little cash to grow? The Small Business Administration has microloans to help.
Need cash fast? It can be had -- if you're willing to put future sales on the line.
A business loan from the bank is one of the most traditional forms of startup funding.
The SBA's got your back. With an SBA-guaranteed loan, they'll guarantee as much as 80 percent of the principle.
Prospective investors hesitant to provide cash? Ask if they will guarantee a loan.
Government-backed financing can help you buy a new location or update your current business.
Don't want to allow investors to own your business? Pledge a cut in revenue instead.
The SBA doesn't just guarantee loans. It backs venture capital funds, too.
The large influx of cash can help launch your business, just make sure you can stay in the driver's seat.
If you can get in, these organizations can help turn your startup into a successful company.
It's an easy source of startup funding, but you'll have to deal with IRS rules and regulations down the line.
This fundraising option can be costly, but crowdfunding can make it more attractive.
Dreading the time suck of an IPO? A reverse merger may be the answer.
An Initial Public Offering includes advantages and disadvantages on a grand scale.
VC funding isn't always easy to obtain and and you'll have to give up equity, but when you're a high-growth company with high-financing needs, it can be your best bet.
Raise money for your business from your house, but beware of losing the roof over your head.
It may be just what an established business needs, but watch out for ruthlessness.
Don't swipe the plastic too carelessly, because it's a double-edged sword.
Small investments from a lot of people can equal a lot of money.
Make your personal network your first investors, but don't make it too informal.