What alternatives are there for funding a business?
There are a number of alternatives for funding your start up or growing business, although some may not be practical for you until the company gets further along in its growth. Here is a list of the types of options available for start up funding:
- Self financing from the founder's cash assets
- Investment from family and friends
- Commercial loan from a bank or other lender
- SBA loan from a bank or other lender
- Lease financing, in order to acquire equipment such as computers and office equipment
- Crowdfunding
- Venture capital financing or angel/private investors
- Financing from strategic partners
For more about funding alternatives, see our Open Business Library
