Financing Your Business

There are a multitude of ways to raise money for your business.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

When you need start-up capital to launch your dream business, you have many options:

  • Tap your own savings.
  • Borrow from friends and family.
  • Borrow from banks.
  • Take out an SBA-guaranteed loan.
  • Get help from a finance company.
  • Use your suppliers as loan sources.
  • Obtain capital from private investors.
  • Use your credit cards.

But remember, entrepreneurs may need to tap more than one source when seeking financing for a new venture.

Before asking anyone for money, make a careful assessment of the proposed value of your business, the amount of capital you need, the amount you will have to borrow and the length of time it will take you to pay back the loan.

Excerpted from Starting a Home-based Business

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Discover a better way to hire freelancers. From business to marketing, sales, finance, design, technology, and more, we have the freelancers you need to tackle your most important work and projects, on-demand.

Latest on Entrepreneur