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  August 17, 2017   
Business Services Center
Finance: Financing for your Business
Home :: Business Services :: Business Services Center :: Finance :: Financing for your Business


   Financing for your Business:
Small businesses usually need more than just cash; they need "smart" money. Smart money is financial capital that helps your business beyond money. In other words, the financier provides not only capital, but also support and expertise, to your business. Smart money could be an SBA guaranteed loan that allows you to keep your ownership interests intact until your business reaches the stage at which you want to sell shares of the business, or helps you obtain an "Angel" investor if your are in need of seed capital. Borrowing from your friends or relatives, sometimes called "friends and fools" money, could be far more costly than you ever imagined. Allowing "friends and fools" to become partners in your business simply because you were in need of additional capital could buy you a lot of headaches.

Your quest for financing will require that you devote great attention to obtaining capital as you make decisions involving the business' operations. Therefore, you need to identify your business' financing profile, understand the various financing sources that may be available to you, and analyze which options best fit with your company plans and values. Following is practical information on selecting the most suitable sources of funding for your business.



 
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