5 Ways To Obtain Funding For Your Business

Wix Training Academy -
Use Kabbage For Funding -
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5 Ways To Obtain Funding For Your Small Business or Startup:

1. Kabbage -

Kabbage is an excellent tool for businesses that are looking for some startup funds or working capital. You can obtain up to $250k. Maybe you just got a large purchase order, but you are terrified because you don't have the funds to fulfill it. Use Kabbage.

2. Friends & Family -

I know it can be nerve-racking going to friends and family to ask for money. However, if you present the material, business plan and funding goals in a professional manner, it can be much more effective.

3. Re-Invest Profit -

This method is especially great for existing businesses looking to grow. Rather than carrying debt or giving up equity, pull from your own profit to re-invest into the growth of your business.

4. Obtain A Bank Loan -

Getting a bank loan is another method of obtaining funding. Although, be prepared to show a bank thorough information regarding your business plan, credit history and collateral.

5. Crowdfunding - or

Crowdfunding can be an extremely successful funding tool if properly used. Remember this is other people putting their trust in you to bring a product or service to the market. Be sure to accurately determine what your startup costs and operating costs are going to be before you set your funding goal.
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