Similar to the SBA loan guarantee,the USDA (United States Department of Agriculture) also provides a loan guarantee for small businesses called the B&I or Business & Industry loan guarantee. As one may imagine this program is more for businesses in rural areas, which by USDA standards is a city or town with fewer than 50,000
Read MoreCrowdfunding is a form of financing a business through the collective effort of friends, family, customers, and individual investors. Several web based platforms provide an easy way for an entrepreneur reach a wide audience with their product and essentially presell their product. The traditional model to get financing for a business is you develop
Read MoreThere 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 MoreAnother 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
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