Are you trying to start a company and you need some money to get you going? Do you need a loan or an investor to help you get your doors open so you can work your way to success? There are many ways you can find small business start up loans and there are a number of creative ways to get money for your organization that aren’t exactly loans. Here are some of your options.
If you have good credit and/or collateral to secure a loan, then you need to engage with your bank and the Small Business Administration. This is the best two options, owing to the smaller interest rates and the greater chance of getting the quantity of the money you need to help you get your business open. This is where you should start if you’re good credit.
And, what about…..
If the bank and the SBA don’t help you or cannot get you long as you need, then you can move on to some business credit cards and non conventional lenders that deal with commercial loans. These are easy to identify and can help you have the financing you need.
If you have bad credit, then you have to send more creative. You can get some money from Prosper online if you try. There is usually the option of getting small business start up loans from Prosper that go up to $25, 000. You can also sell shares of stock in your business to raise capital or you’ll find a private backer. There are also Angel investors out there that might help.