Starting a business requires financing. Today there may be as many funding sources as ever, yet finding the money needed to start or even expand a business can be tricky. Our roundup of news and tips should help all entrepreneurs navigate the complicated world of small business financing and end up with a better understanding of what their businesses need. Enjoy!
Finding the right financing for your business. Not every kind of financing may be right for your small business. In fact, when it comes to funding of small businesses, one size definitely does not fit all. With changing times, it’s important to look for new opportunities. Small Business Trends
Lending caps are unfair to small business. If you’re an entrepreneur, don’t expect to raise money for your startup or expansion through traditional means. This post suggests new lending caps are stacked against the little guy. Newsmax
What investment and horse racing have in common. If you’ve never before heard the expression “betting on the jockey, not the horse,” you may want to check out a post about what is potentially another very important source of small business funding. Startup Professionals Musings
Four ways to fund your business without banks. As we’ve already mentioned, bank loans aren’t the only choice for funding a small business startup. Many options exist, but all require a good business strategy to make them effective. Just Retweet
Reaching out to family and friends. They’re an important source of emotional support and security, but in many cases they can also provide financial support. This support has become a common source of startup funds for many businesses. The Frugal Entrepreneur
Thinking about crowdsourcing? Here’s an infographic explaining what it is (excerpt below). SalesChase.com
More Financing Possibilities
Funding your home business (Infographic). Do you run a home business? Another useful graphic with data drawn from a variety of sources gives us a look at funding for a kind of business some may consider low budget. Yes, home-based businesses need funding too. SalesChase.com
Bootstrapping provides another funding option. Small businesses have long been utilizing another form of startup funding, one without need for bank lending or investors. Consider the bootstrapping option when starting your small business and reduce your overhead. Chicago Tribune
Yet More Funding Sources
Financing for business export debated. There’s a kind of business financing that’s rarely been talked about … until recently. And, yes, it involves small businesses as well. Financing for business export, large and small, is critical, experts say, but it has recently become embroiled in debate. Bloomberg Businessweek
This SBA loan program needs to be fixed, some say. It’s called the “504” program and it helps businesses acquire commercial property. But problems during the economic downturn required taxpayer subsidies, prompting criticism. Here’s one suggestion for an overhaul. Huffington Post
Credit unions offer another option. Small businesses are turning to this funding source as the U.S. Senate debates a plan that would make these lenders more competitive with other institutions. Crain’s New York Business
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