Episode Details

During this show, you will discover …

How your strengths and your business strengths can match up to funding

Conventional funding is generally not an option for startups

SBA loans are usually off the table

Cash flow financing is not an option because the company has not been in business for a year

Private investors may or may not work out

But startups can still get funding!

Unsecured financing, and unsecured business credit cards with either good personal or business credit is an option

Another possibility is getting a loan with collateral, such as securities or a 401(k), or working with a guarantor

Accounts receivable and inventory can be used for financing

Inventory can also be used can also be used to secure loans …

… as can equipment

Business owners can sell their equipment and lease it back to qualify for a loan

Building business credit can work for any business …

… including startups

It is an asset which will help for years to come

It is a good idea to build business credit …

… even when you do not need it

More choices for funding including startup loans, even from the SBA

There is also crowdfunding

Or try to get a grant from a federal, state, or local government

And much more...