Financing a startup is a primary challenge for an entrepreneur or business owner. After all the hard work of generating the idea for a business, an entrepreneur’s next hurdle is finding sources of financing in order to get their operation off the ground.
While financing a business can be daunting, it is certainly achievable. Learn about the ways you can do so below.
Some business owners elect to finance their business independently or use family and friends to retain total control over their business.
The U.S. Small Business Administration offers loans to eligible businesses; typically these loans carry more favorable terms than those offered by the private sector.
Debt and equity financing, crowdfunding, business loans, and business credit cards are other popular forms of small business financing.