Small Business Funding Options
The availability of capital is crucial for small business startup, survival and growth. For entrepreneurs, getting a loan could mean the difference between success and failure, whether it’s used for renovation, purchasing equipment or working capital. Potential funding options for small businesses include the U.S. Small Business Administration loans, community banks and credit unions, microloans and alternative online lenders. Here is a look at some of the available options.
- No-interest loans (yes, they exist!)
- A new development: crowdfunded, no-interest loans for small businesses.
- Business plan competitions.
- Cash awards to small businesses with stellar business plans.