Equipment leasing can help you grow your business when you are short on cash.
A Guide to Community Development Financial Institutions
If your business in an economically distressed area, this special funding source could help you find money for your business.
A Simple Guide to Microloans
Need a little cash to grow? The Small Business Administration has microloans to help.
Need cash fast? It can be had -- if you're willing to put future sales on the line.
A business loan from the bank is one of the most traditional forms of startup funding.
The SBA's got your back. With an SBA-guaranteed loan, they'll guarantee as much as 80 percent of the principle.
Prospective investors hesitant to provide cash? Ask if they will guarantee a loan.
Government-backed financing can help you buy a new location or update your current business.
Donâ€™t want to allow investors to own your business? Pledge a cut in revenue instead.
The SBA doesn't just guarantee loans. It backs venture capital funds, too.
The large influx of cash can help launch your business, just make sure you can stay in the driverâ€™s seat.
Entrepreneurs who seek capital for their early stage venture must have the counsel of an experienced attorney who specializes in financial transactions. Obtaining a securities attorney will enable the business owners to fully understand all federal and state regulations regarding their business, protect business owners and investors, and encourage compliance with these laws.
If you can get in, these organizations can help turn your startup into a successful company.
Itâ€™s an easy source of startup funding, but you'll have to deal with IRS rules and regulations down the line.
This fundraising option can be costly, but crowdfunding can make it more attractive.
Dreading the time suck of an IPO? A reverse merger may be the answer.
An Initial Public Offering includes advantages and disadvantages on a grand scale.
VC funding isn't always easy to obtain and you'll have to give up equity, but when you're a high-growth company with high financing needs, it can be your best bet.
Other Valuable Money Raising Ideas
thebillfold.com - how funds made lives awesome, and not-so-awesome.
kickstarter.com - Kickstarter is a new way to fund creative projects.
Kickstarter - Kickstarter is a new way to fund creative projects.
indiegogo.com - Everyone should have the opportunity to raise money.
rockethub.com - Raising Money
etsy.com - This is a great starting point to promote
kiva.org - small loans
Borro.com - Personal Asset Loans
fastcompany.com - -Empower People Around the World for $25
dealbook.nytimes.com -Private Equity and Venture Capital
Start with Funding? Don't worry about funding start with Sales
Loans from $500 to $40,000 to entrepreneurs to buy inventory or the supplies they need to make handmade products to sell online. Kabbage customers get six months to pay back the money with interest that ranges from 2 to 7 percent depending on credit score and store revenue.
Which gets to another Kabbage requirement: You have to prove that you’re already making money selling your must-have product or products. It’s not Kickstarter, and new sellers need not apply.
And it can’t be just some homegrown storefront. You have to sell your inventory via eBay, Amazon, Yahoo Shopping, Etsy, or use storefront tools like Shopify, Magento and PayPal. That’s because Kabbage uses your seller history and reviews to help figure out how much money it should give you.
Seller reviews are just one metric the company uses to make its lending decisions.
“We probably know more about any given business than any other company has known about small business, ever,” brags Kabbage co-founder Kathryn Petralia. “We look at transactional data, QuickBooks entries, UPS shipping history, payment processing, and bank account activity to get a much better picture than banks get from just financial statements.”
Kabbage uses an automated system to assess a business’ investment risk; it can lend very small amounts and still make money,
Kabbage says it currently bankrolls $800 million in annual small business sales with its loans, and that most Kabbage customers take 10 advances per year.
It’s using a portion of its own $30 million advances to go international. Expect a lending service in the United Kingdom later this year. Also look for Kabbage loans to start aiding merchants with physical storefronts. “We’re trying to get away from the terms ‘e-commerce’ and ‘offline business,’ and just focus on commerce,” says Petralia. “We feel that anywhere a merchant interacts with the internet, whether that’s selling inventory online or using the internet to bring customers to a physical storefront, we can help.”