Funding options when starting a new business include: self-funding (bootstrapping), loans, investors, and grants. Key sources include personal savings, SBA-backed loans, credit cards, friends/family, and crowdfunding platforms. Other options involve angel investors, venture capital, or specialized financing like equipment loans and invoice factoring for specific capital needs.

Common Startup Funding Options:
Bootstrapping (Self-Funding): Using personal savings, income from a “side hustle,” or credit cards to maintain full control.
Small Business Administration (SBA) Loans: Government-backed loans (e.g., 7(a), 504, or microloans) known for lower interest rates and longer terms.

Friends and Family: Borrowing money from your personal network, which can be faster but risky for relationships.
Crowdfunding: Raising small amounts of money from a large number of people, often through platforms like Kickstarter or Indiegogo to validate a product.

Angel Investors & Venture Capital: Seeking investment from wealthy individuals (angels) or firms (VCs) in exchange for equity, usually for high-growth startups.
Business Credit Cards & Lines of Credit: Flexible funding options that allow borrowing up to a certain limit, useful for immediate, smaller-scale needs.

Grants: Free money, often for specific sectors, which do not need to be repaid but are highly competitive.
Equipment Financing: Loans specifically for purchasing machinery or equipment, where the equipment acts as collateral.

Key Considerations:
Risk: Debt-based funding (loans) requires repayment regardless of success, while equity-based funding (investors) means sharing ownership.
Stage: Early-stage businesses often rely on bootstrapping, grants, or friends/family, while later stages may attract venture capital.
Preparation: Most lenders require a solid business plan, financial projections, and good credit.

I currently have many funding options available for new business start ups! For more information visit my website at: www.OpportunityYou.com or give me a call at 724-875-8050 for a no obligation conversation!