There’s Money Out There

business-funding

01 Nov There’s Money Out There

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There’s Money Out There

business-fundingThere is always the temptation, in light of news reports that talk about frozen credit markets and failing businesses, to believe that there simply isn’t any money out there for your business. It’s easy to believe that if financial giants can’t get the support they need to make their payroll that there’s no way that a bank would be able to spare a little for your small company.


The truth, however, is that there is plenty of money out there, and plenty of investors looking to put their money someplace that will grow and is more stable than the banks are proving to be. The secret is not secret at all, and simply involves a protracted and thorough search of the available resources that can be accessed by almost any entrepreneur.

The first and most obvious are the banks. Banks have been providing loans to businesses for years. It’s their business, after all. Now is actually an excellent time to attempt to get a loan from the bank as they are attempting to jar loose the credit system by giving out new loans. This is not to say they’re taking the same risks that got them in trouble in the first place, but rather attempting to take a middle road, neither being as stingy as they were in the late 80s and early 90s nor as reckless as they were for the past few years. A well made business plan can go a long way to securing funding through this traditional source.

If banks are not the best fit for your company, it might be a good idea to look into angel investors or venture capital firms. These smaller institutions look for businesses to invest in. Generally they’re a little easier to deal with as the multiple levels of bureaucracy that exist in large banks is bypassed and you get a chance to be closer to the actual decision-makers. More to the point, many of them are dedicated to promoting a type of business or businesses in a certain area, so if you fall into that category you have even more chance of finding the funding you need.

An even more direct way to find money for your business is to find private investors.

There are individuals who don’t want to work through a bank’s structure and are trying to find new ways to invest their money. Several of them can be found on the internet at sites like go4funding.com and BConDemand.com. Websites like these can provide an outlet for investors to find the people who need money and examine their plans.

Beyond even these sources, there are government funds to be found.

Just the US Small Business Administration provides low-interest loans to new businesses in the United States. This is but one source of available funding that doesn’t even take grants from other departments into consideration. Take some time online to look for grants and loans that may be available for your business.

There is money that can be found to help you start or expand your business, but it won’t guarantee you success. Only your hard work and dedication can even get you close. But if you’re passionate and determined, this will help you get started.

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