Starting a Small Business in the United States - Financing Your Business
By Rayan Felix Coutinho
A key to a successful business startup and subsequent expansion is the ability to obtain financing. There are several sources to consider when looking for financing. The wide array of such options include personal savings, friends and relatives, banks and credit unions, venture capital firms, Small Business Administration loans, finance leases, and public offerings. Acquisition of seed money and initial start up capital are the first steps to continued financing of the business. There is no magic formula that is guaranteed to work for a new or growing company. Comprehensive research, well defined business and contingency plans are probably the best strategies to facilitate acquisition of funds. That said, there are two types of financing (1) debt (loan capital), and (2) equity (owners’ capital).
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admin @ March 24, 2007