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Grants
101 Learn everything you need to know in reference to applying for a grant. |
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You
have an idea for a business. You need funding for your start up. What
do you do? There are many options available. You could take out a
personal loan, max your credit cards, or call on the help of friends
and family. Those are a few options the first two are not that appealing
and your friends and family may not be in a financial position to
assist. So now you ask, what options do I have?
There are three growingly popular options. One option is applying
for a Small Business Administration (SBA) loan. These are loans
specific to small business owners. The loans are typically at lower
interest rates than a bank loan. The SBA has an application with
specific requirements – one of which is a business plan –
that are necessary. Once the application is complete, the loan package
is then submitted to one of the various local organizations that
work with the SBA. These organizations are usually local economic
development organizations. These organizations usually have a monthly
deadline for submitting SBA loan applications. It is important to
find out the deadline and submit your application prior to that
date. Another growing option is Angel Investors. Angel Investors have funds set aside to assist small business owners. Angel Investors typically have specific industries, geographical locations, or areas of business development they support. It is important that all required information is supplied to the Angel Investor. Angel Investors require a business plan as well. |
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Coaching
- Is It for Me? Create and sustain the life you want and need. |
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Funding
Your Start-Up Learn of various options to fund your start-up. |
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