Tag: business plan

Finding enough and the right kind of small business financing is vital to every growing company. Small business loans can be a great windfall for any firm, but over the years several myths have been built up around them. While there can be some struggles and hard work associated with securing a loan, here are three myths that should be dispelled. Myth #1 – Don’t Ask for Too Much Money When asking a lender for funds, the amount is not so important as the reasons why you are asking for that sum. […]

Angel investors and venture capitalists get a lot of attention when it comes to small business financing, but in reality startups get much more business funding from family and friends. A report from Fundable.com found that 2013, friend and family members poured $60 billion into small businesses while venture capitalists invested just $22 million and angel investors contributed only $20 billion. In fact 38% of all startup entrepreneurs in 2013 raised money from their loved ones, with the average […]

After evaluating your small business from the perspective of a prospective lender, you should be much better prepared and confident to ask for the financing you need.

A Small Business Administration (SBA) microloan can be just the thing for a new business in need of a small infusion of cash.