spencergregory, Author at Business Loan Funds - Page 2 of 7
Grants
There are a lot of advertisements for free grant money for businesses and for 99.9% of businesses this is not true! Yes there are some grant funds, but they tend to be for science & technology companies (SBIR/STTR). Sometimes there will be agriculture, tourism, recycling or energy improvement grants that primarily come from states. Last
Read MoreHome Equity
Another way to raise funds for a business you own a home are home equity loans. Many people will react by saying, “I don’t want to risk our home” but if you own a home with equity the bank will probably ask for a lien in order to make the loan. In either case your
Read MoreFriends & Family
Friends & family are a popular way to borrow funds to start or grow a business, but there are some issues. Even though these people are close it’s best to treat the transaction professionally. All too often, borrowing from friends and family is treated casually and with that leads to resentment and a possible loss of
Read MoreSell Personal Belongings
Sometimes the answer to your funding needs are you have to come up with more personal funds and that is not always a bad thing. Saving more money gives an opportunity to further refine the business idea and have more money in the bank which is important because things don’t always go as planned. Most
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