There’s good and bad news to share about startup financing for a small business. Keep in mind, we are only looking at debt options so think of loans and lines of credit that you pay back to a lender. We are not looking at any equity solutions such as angel investors, venture capital, etc. The good news is that there are options. The bad news is that nothing is easy nowadays and if you have damaged credit or you’re looking for several hundred thousand dollars it’s much less likely to happen purely with debt.
I have split these 8 solutions into two parts based on the likelihood and value factors. Simply put, likelihood just asks the question, “How likely is it that this type of financing can be obtained by a higher percentage of people?” Value is all about how much value would each form of financing bring to business owners who utilized this form of financing. So let’s get started.
To read the full, original article click on this link: 8 Ways to Finance Your Startup with Debt: Part 1
