money to start a business.
2006-08-02 14:20:55 · 4 answers · asked by Joachim A 1 in Business & Finance ➔ Small Business
YES - there are other sources of funds to start a business
Your Credit Card
Using Credit Cards to Finance Your Startup
http://www.entrepreneur.com/article/0,4621,290366,00.html
Credit Where Credit Is Due: Using Plastic to Finance Your Start-Up http://www.inc.com/articles/1999/08/16625.html
Your Family Members and Friends
Accepting Start-Up Capital from a Family Member: Good or Bad?
http://www.powerhomebiz.com/blog/2006/08/accepting-start-up-capital-from-family.html
Borrowing Startup Funds From Friends & Family http://www.entrepreneur.com/Your_Business/YB_Node/0,4507,159,00.html
Microloan program which provides loans up to $35,000
SBA Microloan Program http://www.sba.gov/financing/sbaloan/microloans.html
SBA Accredited Microloan Providers http://www.powerhomebiz.com/vol145/microloanproviders.htm
Angel Investors
CNN Money http://money.cnn.com/2006/02/28/magazines/business2/angelinvestor/index.htm has a very good article on angel investors, what they typically look for, what kind of investments they support, etc.
You may want to go and pitch your ideas where investors gather. Here are some places where angel investors come and those looking for funding can come and pitch their business plans. Be sure to have a strong business plan and describe what makes your business idea stand apart:
Angel Capital Association http://www.angelcapitalassociation.org
Angel's Forum http://www.angelsforum.com
Band of Angels http://www.bandangels.com
Common Angels http://www.commonangels.com
Keiretsu Forum http://www.k4forum.com
Launchpad Venture Group http://www.launchpadventuregroup.com
New World Angels http://www.newworldangels.com
New York Angels http://www.newyorkangels.com
Prairie Angels http://www.prairieangels.org (charges $125 to submit idea)
Robin Hood Ventures http://www.robinhoodventures.com (charges $250)
2006-08-02 14:25:06 · answer #1 · answered by imisidro 7 · 7⤊ 0⤋
To get started, I suggest contacting the Small Business Administration Financing Page (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* Free Money for Small Businesses and Entrepreneurs by Laurie Blum
* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish
* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-08-03 11:37:52 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
I work for the CIT Group in NJ. We are big in small business lending throughout the US and the world. NYSE CIT Here is the website if you want to take a look.
www.cit.com
2006-08-02 21:29:59 · answer #3 · answered by ALBPACE 4 · 0⤊ 0⤋
Yes there are credit unions, loan companies, and (gulp) pawn shops.
2006-08-02 21:24:41 · answer #4 · answered by a_phantoms_rose 7 · 0⤊ 0⤋