First it's important to familiarize yourself with all the different sources of financing that are available so you can decide which vehicle will work best for your company. Once you have a clear understanding you'll be ready to put your company on track to obtain the capital it needs.
For starters, here are my top twenty sources of business finance:
1) Angel Investors - Angel investors have been responsible for funding over 30,000 small businesses each and every year. With over 250,000 active angels in the country you may want to consider an angel investor network to simplify your search.
2) Asset Based Financing - If you're company has collateral such as accounts receivable, inventory, equipment or real estate these assets can be used to secure the financing you need but keep in mind you still own your assets, but if you default, the lender can seize them.
3) Bank Loans - Large banks tend to be much more conservative in lending so you may want to consider a community bank or credit union for a small business loan.
4) Business Credit Cards - A fast and easy way to access cash for company expenses but be careful carrying a balance because the interest can be costly.
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