3 Ways To Fund Your Business

As a small business owner, it can be a challenge to keep liquid cash on hand to operate your business. Thank goodness there is a myriad of ways to ensure you always have the cash to pay the bills and pay for the necessities of your business. Here are 3 ways to fund your business:

Line of Credit

According to Investopedia.com, “A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time. The borrower can take money out as needed until the limit is reached. As money is repaid, it can be borrowed again in the case of an open line of credit.”

SBA Loan or Grant

The Small Business Administration is there to help small businesses with cash flow challenges. According to their website, SBA provides limited small business grants and grants to states and eligible community organizations to promote entrepreneurship. According to their website, they also offer loans to “Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.”

Investors

There are many types of investors available to help entrepreneurs grow their businesses and have cash on hand to manage operations. The most notable is the use of crowdfunding which include sites like Kickstarter, Indiegogo and Crowd Supply to name a few. 

There you have it. 3 ways to find moolah for your business to help you grow and prosper.

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