What are some ways to finance a small business?

1 Answer

Answer :

Well I guess it depends on the type of business and your business plan. But assuming you have a pretty solid plan there are tons of ways to get money from places. Their is always small business loans from banks, probably the easiest way is to get a business credit line. My buddy walked into chase and got approved for 25,000 credit limit for the business he wanted to start. Though credit isn’t the best way to finance a new business, it will do if you don’t have any other options. Then there is always the angel investors. Basically just people who have a lot of money who invest in start up businesses. Same thing as a loan basically, just different terms of agreement usually. My friends Mom is in the business of investing in small businesses. So they are out there, you just have to find them. Just out of curiosity, what kind of business are you thinking of starting?

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