own resources: savings, real estate, home equity, vehicles, IRAs,
stocks and bonds, credit cards.
and friends: Be sure to have a written agreement if you choose this
banks, credit unions and loan companies: You will definitely need
a complete business plan to go this route. The Small Business Administration
provides guaranteed loans through banks. Find more valuable resources
in Resources and Links.
investors: Investments and loans usually involve providing funding
in exchange for an interest in the company. Investors can be located
through the local newspaper classified ads, banks, accountants and
financing: If you are purchasing a business, the owner may sell it
to you on a contract.
Prepayment for products or services, such as half down and half on
completion, can leverage your money and allow you to purchase materials
without using working capital.
Extended terms, 30 to 120 days, on purchases can help your cash flow.
Co-op advertising, display cases, racks, signage and other equipment
can often be obtained from suppliers to advertise or display their products.
This is general information only and it is not intended to be used as
legal or accounting advice. For more detailed information, consult with
an accountant and your bank representative.