Seven Sources of Funding Your Business

| Total Words: 339

Are you all ready and raring to go to launch your small business, but still lack that financial boost? There are many ways to get the capital for your business idea. I have here several really good sources for finding the funds to get your business started or to make it grow.

1. Family and Friends
Some people are lucky they can borrow money from friends or family to start up a business. Compared to credit cards, this doesn’t put your credit rating at risk, but it surely can put your family reputation on the line.

2. Government Loans (SBA)
This is short for the U.S. Small Business Administration, a government agency that helps Americans start and manage small businesses by providing loans, disaster assistance, advocacy and training.

3. Peer to Peer Lending (Prosper)
Prosper is an online auction site where people can lend money directly to each other. Borrowers set the maximum rate they wish to pay and lenders set the minimum rate they want. Prosper matches borrowers with lenders and manages loan repayment. Lenders can get started with as little as $50 and borrowers can receive unsecured loans up to $25,000.

4. Venture...

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