Need capital for your new business and wonder if an SBA startup small business loan will work for you? Jean Scheid takes a look at what the Small Business Association has to offer.
Funding Your Business
There are many different avenues you can take when trying to obtain funding for your business, whether you’re just starting out or looking for capital to help you expand and grow. Bright Hub’s Entrepreneurship Channel has an entire subdivision dedicated to exploring these different funding opportunities to help you decide which ones are best for your business and your personal management style.
To new business owners, there may seem to be an air of mysticism around the concept of venture capitalism. Our experts in the field will help to dispel some of the fears and misconceptions people have about this type of funding and offer advice to those who would like to seek it for their business. If venture capital isn’t for you – and it’s not, for many – there are a number of other methods of obtaining funding for your business.
If you’re thinking about using personal funds, be careful. It’s very easy for personal and business finances to become so intermingled that a business failure could cause personal ruin. For instance, if you’re thinking about mortgaging your home to raise business startup capital, make sure you’re aware of all the pros and cons first.
For other funding ideas and advice, check out the other tips offered by our experienced writers. Learn more about the impact of different funding methods, and discover if your business venture qualifies for certain grants and government loans. Most of all, make sure you know what you’re getting into before you sign your name on that dotted line!