Funding a Startup Business
The Business Credit and Financing Show · Ty Crandall
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Show Notes
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...